The provision of a legal system is an important economic function of the government because
A) lawyers and judges tend to be high-income people.
B) people need to feel safe when they go to work.
C) the legal system affects how exchange takes place through its enforcement of contracts.
D) the legal system affects the distribution of income through its awarding of damages in accident claims.
Correct Answer:
Verified
Q186: Private goods are goods
A) that carry a
Q187: Which of the following is best characterized
Q188: The difference between the economic and political
Q189: Providing public goods is a(n)
A) economic function
Q190: All of the following are characteristics of
Q192: An example of a public good is
A)
Q193: Public goods are desired because
A) people want
Q194: The economic functions of the government deal
Q195: The political functions of government differ from
Q196: A government agency charged with enforcing antitrust
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