Which of the Following Is NOT a Restriction the Government

question 129

Multiple Choice

Which of the following is NOT a restriction the government imposes to keep potential entrants out of a market?

• A) subsidizing imported goods
• B) licensing of exclusive ownership of such a vital resources
• C) certificate of convenience
• D) compliance with government safety regulations

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Definitions:

Conditions Precedent

Requirements that must be met before a contract becomes effective or before certain actions can be taken.

Conditions Subsequent

Conditions that must be met after a contract has been executed in order for the contract to remain effective.

Condition Precedent

A specific event or action that must occur before a contract becomes binding or a party is required to perform their contractual obligations.

Duty

A legal or moral obligation to do or refrain from doing something.