Characteristics of property rights

Assignment Help Business Economics

Reference no: EM13858853

All of the following are characteristics of "property rights" EXCEPT that:

a) owners of goods can dispose of them with the approval of a government or society.

b) they make well-functioning markets possible.

c) they make mutually beneficial transactions within the economy possible.

d) owners of goods are specific and not owned collectively by society.

Reference no: EM13858853

Questions Cloud

Application-the future of crm : As technology advances at a breath-taking rate, connecting the world in new and exciting ways, it is no wonder that social-CRM is augmenting and oftentimes replacing traditional CRM strategies.

Critically examine cultural relativism as an ethical theory : What are Aristotle's criteria for happiness, and why according to Aristotle does neither pleasure, nor honor, nor wealth constitute happiness?

Professional baseball spring training session : Just prior to a professional baseball spring training session, you are asked to assess the probability that a particular baseball team will win the coming World Series.

A storm destroys half the fava bean : A storm destroys half the fava bean crop. Is this event more likely to hurt fava bean farmers if the demand for fava beans is very elastic or very inelastic?

Characteristics of property rights : All of the following are characteristics of "property rights" EXCEPT that:

What do temporary changes in the tax code : What do temporary changes in the tax code do for incentives? Does this encourage long term planning? Should the government encourage long term planning? Should the Government use tax policy to change behavior?

What is the threat of new entrants to zenith : What is the threat of new entrants to Zenith, What is the threat of substitute products or services to Zenith, What is the bargaining power of buyers of Zenith's workers compensation insurance products

Rolex watch manufacturer had in inventory of watches worth : At the end of 2012 the prestigious Rolex watch manufacturer had in inventory of watches worth $725 dollars. In 2013, Rolex produced $333 worth of watches and sold $260. What was the change in inventories in 2013? (Hint: careful with the signs, rememb..

Prepare a trial balance of may for wells consultant services : Prepare a trial balance as of May 31, 2007 for Wells Consultant Services. Assuming that supplies expense (which has not been recorded) amounts to $1,000 for May/

User Account

All Pages