The Legal System Provided by the Government Is Necessary for the Smooth

question 285

Multiple Choice

The legal system provided by the government is necessary for the smooth working of markets because

• A) it keeps criminals off of the streets.
• B) it defines and protects property rights.
• C) it is set up in the U.S. constitution.
• D) it ensures that producers maximize their profits.

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Definitions:

Magnetizing

Refers to the process of inducing magnetic properties in a material, usually by placing it within a magnetic field or by passing an electric current through it.

Excitation

The process of supplying electrical current to the field windings of a motor or generator, stimulating it to generate a magnetic field or to operate.

Activating

The process of making a device or system operational, such as by applying electrical power or enabling its functions through a control mechanism.

Abolition Laws

Legislation aimed at ending the practice of slavery, with significant examples including the British Slavery Abolition Act of 1833 and the Emancipation Proclamation in the US.