In any society, an effective system of property rights would not ...

[vicky]

In any society, an effective system of property rights would not be possible without
 
  A) the cooperation of other people.
  B) the entire legal system to adjudicate them fairly.
  C) the police to enforce them.
  D) non-property (public rights).

Question 2

As more people in a country started hoarding grains in fear of a shortage, a shortage actually occurred. This is an example of a(n) ________.
 
  A) positive externality
  B) information cascade
  C) moral hazard
  D) adverse selection

[kjo;oj]

Answer to Question 1

A

Answer to Question 2

B

[vicky]

Thanks for the timely response, appreciate it

[Liddy]

Great answer, keep it coming