Author Question: The economic role of the legal system might best be described as A) promoting the productive ... (Read 79 times)

jman1234 · **on:** Jun 29, 2018

The economic role of the legal system might best be described as

A) promoting the productive efficiency of competitive markets.
B) identifying and producing public goods.
C) establishing the rules of the game and acting as a referee when disputes arise among market participants.
D) identifying and producing merit goods.

Question 2

Suppose that initially there is no public debt. Using the above table, the public debt over this four year period would have

A) increased by 215.
B) decreased by 100.
C) increased by 1,375.
D) decreased by 1,590.