Which of the Following Does Not Describe Governmental Policy Actions

question 39

Multiple Choice

Which of the following does not describe governmental policy actions that are helpful in supporting growth in an economy? Governmental policies that

• A)avoid playing any role in developing communication systems.
• B)provide secure rights to private property.
• C)establish an independent court system that enforces contracts.
• D)facilitate the development of an efficient financial system.

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Definitions:

Commercial Impracticability

A principle where performance under a contract is deemed unduly burdensome due to unforeseen events, relieving the obligated party.

Nonperformance

Failure to fulfill a contractual duty or obligation.

Late Charges

Additional fees charged to a borrower for failing to make payments on time.

Time Of Essence

A contractual clause declaring that specific timelines and deadlines are crucial to the contract, with any delay constituting a breach.