According to the textbook, market-oriented theories of global inequality assume that the best possible economic consequences will result if:
A) competent politicians carefully regulate markets.
B) individuals are free-uninhibited by any form of governmental constraint-to make their own economic decisions.
C) cooperative enterprises replace privately owned businesses to create egalitarian markets.
D) the public is provided with free access to public education.

Question

Quizplus · Accepted Answer

Market-oriented theories assume that individuals are rational and will make the best economic decisions for themselves when free from government regulation. This leads to competition and innovation, which in turn leads to economic growth and development.

According to the Textbook, Market-Oriented Theories of Global Inequality Assume