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Which of the Following Is Correct

Question 169

Multiple Choice

Which of the following is correct?


A) In an economy-wide sense property rights are an important prerequisite for the price system to work.
B) Property rights give people the ability to exercise authority over the resources they own.
C) An absence of well-established and well-enforced property rights appears to associated with a reduced standard of living.
D) All of the above are correct.

Correct Answer:

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