Private property rights are important because:
A) they create incentives for people to improve their standard of living.
B) the Constitution says so.
C) they allow students to choose their major field of study in college.
D) an economy cannot function without them.
E) goods cannot be produced without them.
Correct Answer:
Verified
Q15: According to the text, as compared to
Q16: _ is the primary reason that explains
Q17: Scarcity:
A)ensures that people become satisfied with less
Q18: Which of the following would economic freedom
Q19: The economist Hernando de Soto extensively studied:
A)the
Q21: Goods are scarce when:
A)their price is too
Q22: Which of the following should not be
Q23: Economics is:
A)concerned with the problem of scarce
Q24: Which of the following statements concerning opportunity
Q25: Ronnie waits one hour in queue to
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