The Main Reason Why the Government Enforces Contracts and Maintains

question 14

Multiple Choice

The main reason why the government enforces contracts and maintains a legal system that punishes those who violate contracts is:

• A) to increase uncertainty.
• B) to decrease imperfect competition.
• C) to decrease imperfect information.
• D) to facilitate exchange.

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Definitions:

Diagram

A simplified drawing or plan that represents facts, figures, or concepts in a visual form.

Police Report

An official document prepared by law enforcement detailing the facts and circumstances of an incident, such as a crime or accident.

Witness Testimony

The account a witness gives in court, offering evidence to support facts in a legal case.

Enforcing Court Judgments

The process through which the successful party in a lawsuit seeks to have the court’s decision carried out or complied with by the losing party.