Limitations on private property rights are
A) the first step towards government ownership.
B) unjustified.
C) rarely enforced.
D) harmful to society.
E) attempts to enlarge total economic surplus.

Question

Quizplus · Accepted Answer

Limitations on private property rights, such as zoning laws and environmental regulations, can help maximize total economic surplus by preventing negative externalities and promoting efficient allocation of resources. However, these limitations should be carefully designed and enforced to avoid unjustified restrictions on private property rights.

Limitations on Private Property Rights Are