
What are property rights?
A) the title to ownership of any physical asset
B) a legal document verifying ownership of intangible assets
C) the rights individuals or firms have to the exclusive use of their property, including the right to buy or sell it
D) the right of the government to appropriate private assets for the good of society
Correct Answer:
Verified
Q1: What is a market failure?
A)It refers to
Q3: When a negative externality exists, the private
Q4: Figure 5-1 Q5: A negative externality exists if Q6: Which of the following is an example Q7: An externality is Q8: A positive externality causes
A)there are price
A)a benefit realized by the
A)the marginal social benefit
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