In the absence of well-defined property rights, we would likely find
A) people with more incentives to take risks.
B) people with less incentives to take risks.
C) higher economic growth rates.
D) increases in investment activity.

Question

Quizplus · Accepted Answer

Without well-defined property rights, individuals have less security over their property and may be less willing to take risks as there is a higher chance that their property may be taken away from them.

In the Absence of Well-Defined Property Rights, We Would Likely