To be effective in facilitating exchange, property rights must be:
A) nonexclusive.
B) transferable.
C) free.
D) owned by everyone.

Question

Quizplus · Accepted Answer

Transferable property rights allow individuals to exchange their property with others. This creates an environment for mutually beneficial transactions and promotes trade and commerce. Nonexclusive, free, or owned-by-everyone property rights do not provide clear ownership and can lead to conflicts over the use of the property, making it difficult to facilitate exchange.

To Be Effective in Facilitating Exchange, Property Rights Must Be