A Legal System That Protects Private Property and Enforces Contracts

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.