Economists generally define institutions as all of these, EXCEPT as a _______.

A. government free of corruption.
B. government that controls resource allocation.
C. legal system that enforces contracts and laws.
D. strong monetary system.

The correct option is C. Institutions, in economics refers to organisation, establishment and foundations that are involved with regulation and management of money, goods and services in an economy. Economic institutions include: banks, governmental organisations, investment funds, etc, Legal system is not part of economic institutions.

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Economists generally define institutions as all of these, EXCEPT as a _______. A. government free of corruption. B. government that controls resource allocation. C. legal system that enforces contracts and laws. D. strong monetary system.

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Economists generally define institutions as all of these, EXCEPT as a _______.

A. government free of corruption.
B. government that controls resource allocation.
C. legal system that enforces contracts and laws.
D. strong monetary system.