From Brad Reid’s perspective, with respect to establishing a just and virtuous social order, how does he characterize the role of the legal system in the world of business?
A. It is a vital tool when properly applied.
B. It can be effective, but only when competitors agree to trust each other.
C. It is ineffective since it is the default position when trust is absent.
D. The legal system can assure ethical behavior in the settlement of disputes.
ans c
The correct answer is C.
It is ineffective since it is the default position when trust is absent.
To find the answer to this question, we need to understand Brad Reid's perspective on the role of the legal system in the world of business with respect to establishing a just and virtuous social order. We can start by researching Brad Reid's views on this topic, such as any articles, books, or interviews he may have done.
Once we have gathered information about Brad Reid's perspective, we can analyze his views on the role of the legal system. Based on the options provided, the answer would be C, "It is ineffective since it is the default position when trust is absent." This suggests that Brad Reid believes that the legal system is not an effective means of establishing a just and virtuous social order in business, as it is only necessary when trust between parties is lacking.
Please note that without specific information about Brad Reid's views, it's challenging to provide an accurate answer. It's always recommended to consult reliable sources or directly refer to the work of Brad Reid to understand his perspective on this topic.