Which of the Following Is NOT One of the Four

question 65

Multiple Choice

Which of the following is NOT one of the four types of restrictive covenants?

• A)Convenants to discourage undesirable behaviour
• B)Convenants to encourage desirable behaviour
• C)Covenants to keep collateral valuable
• D)Covenants for incentive compatibility

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Definitions:

Impossibility Theorem

A theory, often associated with economist Kenneth Arrow, stating that no rank-order voting system can simultaneously fulfill certain fairness criteria.

Paul Samuelson

An American economist known for his contributions to many areas of economic theory; the first American to win the Nobel Memorial Prize in Economic Sciences.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to negative externalities or a misallocation of resources.

Government Involvement

The extent to which the government participates in the economy, through regulation, ownership, subsidy, or direct control of goods and services.