Question

A successful market economy requires

A) A government-controlled banking system and government price controls.
B) Well-defined property rights and an independent court system to adjudicate disputes based on the law.
C) An equitable distribution of income and limits on immigration.
D) Generous unemployment benefits and paid medical leave for everyone in the labor force.

Answer 1

B) Well-defined property rights and an independent court system to adjudicate disputes based on the law.

Step-by-step explanation: