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Author Question: How do property rights help organize production and trade? What will be an ideal ... (Read 85 times)

vicotolentino

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on: Jun 29, 2018
How do property rights help organize production and trade?
 
  What will be an ideal response?

Question 2

Fill in the blank: Demanded services are ________ services.
 
  A) instructive
  B) deductive
  C) productive
  D) inductive


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Hikerman221

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Property rights are necessary in order for people to specialize. If people specialize in production, they will want to consume more than just what they produce. Without property rights, people would worry that someone else would take their production, leaving them with little or nothing to trade for the other goods and services they want to consume.

Answer to Question 2

C


vicotolentino

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

chereeb

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Reply 3 on: Yesterday
Excellent

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