« previous next »

Author Question: Why are inclusive property rights considered to be sources of ... (Read 90 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Why are inclusive property rights considered to be sources of wealth?

Question 2

A Basic principle of economics is:
 A) knowing your customer means understanding their income.
  B) there are costs involved in any action or decision.
  C) demand equals supply.
  D) equilibrium is beneficial.
  E) size and market share are important goals for a business.


harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

Wealth means a person has more choices, and more inclusive property rights are sources of wealth. Such property rights give an individual more options and greater incentives to avoid inefficient choices. While possessory rights facilitate investment in specialized assets that cut production cost, a dependable legal system allows the individual to better predict future flows of income and loan repayments from this investment.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
Reply #2 on: Jun 30, 2018
Correct answers!


harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Antoine-Laurent de Lavoisier is considered the "Father of Modern Chemistry". Antoine-Laurent de Lavoisier is considered the "Father of Modern Chemistry".
Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ... Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
Sources of VOCs and Odors Sources of VOCs and Odors
Sources and Types of Air Pollution Sources and Types of Air Pollution
Clients have certain rights like the rights to privacy, self-determination, and safety. Clients have certain rights like the rights to privacy, self-determination, and safety.
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library