A Legal System That Protects Private Property and Enforces Contracts

question 118

Multiple Choice

A legal system that protects private property and enforces contracts in an even-handed manner helps promote economic growth because it

• A) makes it possible for individuals to generate large incomes and get ahead without cooperating with others.
• B) provides people with a strong incentive to supply others with things that they value at an economical price.
• C) encourages people to use resources now rather than conserving them for the future.
• D) keeps the real wages of workers low and thereby makes it possible for business firms to supply goods and services economically.

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Definitions:

Screening Interviews

Preliminary interviews designed to evaluate potential candidates quickly and efficiently to determine if they meet the basic requirements for a job.

Conducted

Led or managed an activity, experiment, or event.

Resignation Letter

A formal document that communicates an employee's intent to leave their current position, typically including the last day of work and reasons for resigning.

Standard Two-week Notice

The conventional period of notice an employee gives to their employer before resigning from their job.