« previous next »

Author Question: Why are inclusive property rights considered to be sources of ... (Read 105 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?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Sources of SO2 Pollution in the Atmosphere Sources of SO2 Pollution in the Atmosphere
Immanuel Kant (1724–1804). German philosopher considered by many to be the greatest thinker of the ... Immanuel Kant (1724–1804). German philosopher considered by many to be the greatest thinker of the ...
Sources of VOCs and Odors Sources of VOCs and Odors
Sources and Types of Air Pollution Sources and Types of Air Pollution
Whole fruits and vegetables, whole grains, and legumes are the best food sources of fiber Whole fruits and vegetables, whole grains, and legumes are the best food sources of fiber
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library