The Transaction Costs of Writing and Enforcing Contracts Are Higher

question 19

Multiple Choice

The transaction costs of writing and enforcing contracts are higher in:

• A)countries with poorly enforced property rights.
• B)countries with stringent trade restrictions.
• C)all countries with good court systems.
• D)countries without political risks of property confiscation.

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Definitions:

Lightning

A natural electrical discharge of very short duration and high voltage that occurs between a cloud and the ground or within a cloud.

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