Government's Ability to Enforce Laws and Contracts Increases Private-Sector Economic

question 255

True/False

Government's ability to enforce laws and contracts increases private-sector economic risks.

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Definitions:

Physical Availability

The degree to which a product or service can be obtained by the consumer, often relating to its distribution, placement, and stock levels in the marketplace.

Actor-Observer Effect

A cognitive bias in which people tend to attribute their own actions to external factors and others' actions to their personality or disposition.

Self-Serving Bias

A common tendency for individuals to attribute their successes to personal characteristics, while attributing their failures to external factors.

Proximity

The physical or psychological closeness between people, often influencing attraction and relationships.