Sia
Question
Macroeconomics
Posted 9 months ago
What are the elements of property rights that help markets function?
Choose 1 answer:
A) central planning of resource use, central planning of allocation of goods, centrally set prices
(B) exclusivity, enforceability, and transferability
(C) non-rivalry and non-excludability
(D) rivalry and non-excludability
(E) durability, portability, divisibility
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Answer from Sia
Posted 9 months ago
B
Key Concept
Property Rights in Market Economies
Explanation
Property rights that include exclusivity, enforceability, and transferability are essential for the functioning of markets because they ensure that individuals can own, control, and transfer assets, which incentivizes investment, trade, and efficient resource allocation.
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