The main reason why the government enforces contracts and maintains a legal system that punishes those who violate contracts is:
A. to facilitate exchange.
B. to decrease imperfect competition.
C. to decrease imperfect information.
D. to increase uncertainty.
Answer:A
The main reason why the government enforces contracts and maintains a legal system that punishes those who violate contracts is:
A. to facilitate exchange. B. to decrease imperfect competition. C. to decrease imperfect information. D. to increase uncertainty.