Bans Are Applied To

question 76

Multiple Choice

Bans are applied to:

• A) common-resource problems.
• B) reduce the inefficiency created by overuse.
• C) situations where the optimal quantity of consumption is zero.
• D) All of these statements are true.

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Definitions:

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Information

A written accusation of crime brought by a public prosecuting officer to a court without the intervention of a grand jury.

Voidable Contract

A legally enforceable agreement that may be declared void at the option of one of the parties due to certain defects or circumstances.

Executory

Not yet executed; not yet fully performed, completed, fulfilled, or carried out; to be performed wholly or in part.