Asked by EZEKIEL LABRADOR on Jul 12, 2024
Verified
Property rights are an important feature of an effective market because they:
A) lead to the development of government control over prices.
B) prevent harm to the environment from pollution.
C) give owners of goods and services the right to use and dispose of those goods and services as they choose.
D) are the basis for an equitable tax system.
Property Rights
Legal rights to possess, use, and dispose of land, buildings, goods, intellectual property, and other forms of property.
Effective Market
A market scenario where prices reflect all available information, allowing for efficient allocation of resources and securities pricing.
Government Control
The involvement and regulation by governmental bodies in certain areas of the economy or specific industries to enforce policies and laws.
- Comprehend the function of property rights in the efficient operation of markets and their influence on the results of the market.
Verified Answer
Learning Objectives
- Comprehend the function of property rights in the efficient operation of markets and their influence on the results of the market.
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