Holding property rights means that:
A)an individual does not have to incur transaction costs anymore.
B)governments can guarantee an individual's ability to make choices.
C)one is able to do whatever he pleases with the assets in question.
D)there are limits on an individual's ability to derive income from or transfer a good.

Question

Quizplus · Accepted Answer

Holding property rights means having the legal ability to use, control, and transfer property. However, there are typically limits on an individual's ability to derive income from or transfer a good, such as zoning laws or environmental regulations. Therefore, choice D is the best answer.

Holding Property Rights Means That