Author Question: Private property rights mean that: A) individuals cannot be excluded from the consumption of ... (Read 27 times)

jilianpiloj · **on:** Jun 30, 2018

Private property rights mean that:

A) individuals cannot be excluded from the consumption of goods and services regardless of whether they pay for them.
B) individuals have a right to elect their representatives in the government.
C) individuals can own businesses and assets, and their ownership is secure.
D) the government does not own any resource used in production in an economy.

Question 2

A drug dealer earned 85,000 during a year by selling illegal drugs. His income will:

A) cause the GDP of his country to increase. B) not affect the calculation of his country's GDP.
C) cause the GDP of his country to decrease. D) lead to an increase in his country's exports.