Asked by Milan Golusin on May 12, 2024
Verified
If property rights are restricted by government regulation,many more mutually beneficial transactions will occur.
Property Rights
Legal rights to possess, use, and dispose of assets, including real estate, intellectual property, or physical goods, crucial for the functioning of markets and economies.
Government Regulation
Rules and guidelines established by the government aimed at influencing or controlling certain activities within the society or economy.
- Understand the contribution of property rights towards the efficiency of markets.
Verified Answer
PD
Pawandeep DhillonMay 14, 2024
Final Answer :
False
Explanation :
When property rights are restricted, it limits individuals' ability to make transactions as they see fit, potentially decreasing the number of mutually beneficial transactions that would occur.
Learning Objectives
- Understand the contribution of property rights towards the efficiency of markets.
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