Author Question: Poorly defined property rights imply that _____. a. people can play their music as loud as they ... (Read 91 times)

moongchi · **on:** Jul 1, 2018

Poorly defined property rights imply that _____.

a. people can play their music as loud as they would like
b. profit opportunities exist for entrepreneurs
c. a Pareto optimum is still easily achieved
d. people may be able to use resources without paying for them

Question 2

The primary problem with the argument that we agree to be coerced if everyone is coerced to do an action is _____.

a. there is no way to know whether it is true or not
b. it only applies to a limited number of situations
c. it only applies to actions in the public interest
d. there is no way to force everyone else to go along