Multiple Choice
The most important consequence of property rights is that
A) they facilitate exchange.
B) allow for freedom of choice.
C) they encourage people to cooperate by helping to ensure that only mutually agreeable economic transactions take place.
D) they allow for a division of labour.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: The "invisible hand" concept suggests that:<br>A)changes in
Q37: Today, China's economy most closely approximates:<br>A)pure capitalism<br>B)a
Q38: Property rights do not encourage people to
Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q40: The use of money for exchange:<br>A)increases the
Q42: Property rights are important because they:<br>A)encourage investment
Q43: Households and businesses are both suppliers in
Q44: Which would not be characteristic of a
Q45: Specialization in production is economically beneficial primarily
Q46: The "invisible hand" refers to the many