A set of rules that specify the ways in which the resource for which they are defined may be used are:
A) public goods.
B) quasi-public goods.
C) property rights.
D) free-rider rights.

Question

Quizplus · Accepted Answer

Property rights are a set of rules that specify the ways in which a particular resource may be used, including who may use it, how they may use it, and under what conditions. Property rights help to ensure that resources are allocated efficiently and that individuals and firms have incentives to use those resources in productive ways. Public goods and quasi-public goods do not necessarily have specific rules governing their use, and free-rider rights do not exist as a concept.

A Set of Rules That Specify the Ways in Which