Property rights
A) only need to be found in wealthy segments of the population.
B) need to be universal.
C) do not promote incentives.
D) do not promote efficiency
Correct Answer:
Verified
Q1: Economic freedom and economic prosperity are
A)positively correlated.
B)negatively
Q2: Trade between countries is based on
A)absolute advantage
Q3: A brand name is a type of
A)cost
Q4: In international trade the concept of 'relative
Q6: Property rights need to be secure
A)to promote
Q7: The cost of a choice is
A)the price
Q8: Buying a product in one market and
Q10: What incentive is created by a first-come
Q11: People trade because
A)they are able to take
Q20: Without contracts, what type of transactions would
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