The rules of the game refer to
A)any factor that facilitates production and exchange,such as tax laws and property rights
B)a gradual but consistent change in the price level until a fair price is attained
C)the set of election laws that ensure that all elections are fair
D)the requirements placed on firms in earning a profit
E)the requirements that households must supply labor to firms

Question

Quizplus · Accepted Answer

The rules of the game refer to any factor that facilitates production and exchange, such as tax laws and property rights. This includes regulations, laws, and policies that create an environment where businesses are able to operate and individuals are able to participate in the market.

The Rules of the Game Refer to