To be effective, property rights must be:
A) exclusive and transferable.
B) free and quasi-public.
C) constrained and marginal.
D) all of the above.

Question

Quizplus · Accepted Answer

For property rights to be effective, they must be exclusive, meaning that the owner has the right to use, dispose of, or exclude others from the property. Additionally, property rights must be transferable, so that individuals can freely buy, sell, or lease property without hindrance from the government or others. These two elements ensure that individuals have the incentives to invest in and make the most efficient use of their property, ultimately leading to economic growth and prosperity.

To Be Effective, Property Rights Must Be