Is an illegal agreement enforceable? Why or why not?

25. Why are contracts made with individuals who are required to be licensed, but are not, usually unenforceable?

26. Legislation intended to protect the natural environment can have unexpected consequences and may serve as a disincentive to business. Explain.

27. How does society benefit from the actions of governments granting monopolies for such services as cellular telephone service, railroads, and so on?

28. Illegal Agreements Certain kinds of agreements, such as gambling agreements, are illegal or highly regulated. What do you believe is the primary motivation for such prohibitions?

29. Licensing Most states require people engaged in certain professions or businesses to be licensed. How do licensing requirements protect the public?

30. Environmental Protection Enforcement of laws that are intended to protect the environment sometimes has unforeseen economic effects, such as plant closings and unemployment. How should society attempt to balance environmental and economic issues?

31. Competition Various federal and state laws are intended to encourage competition. Analyze and report on the benefits of competition to society.

32. Restraint of Trade Zoning regulations have the effect of restraining trade because they limit the activities of certain kinds of businesses. Explain how society benefits from such limitations.

33. A Question of Ethics The Robinson-Patman Act prohibits price discrimination. What were the ethical reasons that motivated the passage of this federal statute?