Multiple Choice
Why does the government's role of enforcing contracts facilitate exchange?
A) Enforcing contracts allows people to trade with confidence that the contracts they enter will be met.
B) Enforcing contracts guarantees consumers that the government will bail them out in case the seller does not fulfill his end of the contract.
C) Enforcing contracts guarantees sellers that the government will bail them out in case the buyer does not fulfill his end of the contract.
D) Enforcing contracts effectively makes the government the seller's partner in the business.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: If a person has an absolute advantage
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 3.3
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 3.2
Q27: _ occurs when a firm is shifting
Q28: A product produced in a foreign country
Q30: When people exchange things,trading what they have
Q31: _ is another term for "offshoring."<br>A) Outsourcing<br>B)
Q32: When the market does NOT produce the
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 3.2
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 3.1