Which of the following statements about the right to private ownership is false?
A) It enables individuals to obtain, use, and dispose of land and capital resources as they see fit.
B) It encourages investment and innovation, and thus fosters economic growth.
C) It extends to intangibles such as pieces of music and computer programs.
D) It weakens the incentive to maintain the property that one already owns.
Correct Answer:
Verified
Q113: Economic systems differ from one another based
Q158: In a market system,
A)firm owners and employees
Q159: In terms of the circular flow diagram,
Q160: Q161: In a command system, Q163: Which of the following statements about self-interest Q164: Competition in a market system denotes a Q165: By freedom of enterprise, we mean that Q166: Laissez-faire capitalism is characterized by Q167: Competition is more likely to exist when
A)self-interest motivates and commands
A)a very limited
A)there
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