Asked by Osvaldo Munoz on Jul 23, 2024
Verified
Which factor is key in the effectiveness of well-functioning markets?
A) outcomes that are equitable for consumers and producers
B) the role of the government to deliver economic signals to consumers and producers
C) a significant degree of government intervention to maximize efficiency
D) your right to use and dispose of your private property as you see fit
Private Property
A legal designation for the ownership of property by individuals or corporations, allowing for the exclusive use and distribution of that property.
Well-Functioning Markets
Markets where resources are allocated efficiently, with prices reflecting the true supply and demand dynamics, and where participants have full information.
Government Intervention
Actions taken by a government to affect the economy, markets, or society, including regulations, policies, or subsidies.
- Understand the role of property rights in effective market functioning and their impact on market outcomes.
Verified Answer
Learning Objectives
- Understand the role of property rights in effective market functioning and their impact on market outcomes.
Related questions
Property Rights Are an Important Feature of an Effective Market ...
Property Rights and the Role of Prices as Economic Signals ...
Property Rights Benefit Sellers of Goods Much More Than They ...
If Property Rights Are Restricted by Government Regulation,many More Mutually ...
Sophia Sits Behind Gabriel on an Airplane ...