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 by awarding damages in accident claims.
Correct Answer:
Verified
Q15: Which of the following goods is subject
Q16: One distinguishing characteristic of public goods is
A)noncompetitive
Q17: Which one of the following is NOT
Q18: The legal system in Canada generally tends
A)to
Q19: The opportunity cost of providing a public
Q21: Which of the following activities is NOT
Q22: Which of the following does NOT involve
Q23: Which of the following commodities is a
Q24: Which of the following is a demerit
Q25: In the absence of government intervention
A)free-rider problems
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