If Property Rights Are Not Clearly Defined and Enforced, Then

question 317

Multiple Choice

If property rights are not clearly defined and enforced, then

• A) incentives for specialization based on comparative advantage are weakened.
• B) some potential gains from specialization and trade are lost.
• C) resources are devoted to protecting possessions rather than to production.
• D) All of the above answers are correct.

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Definitions:

Sabotage

Deliberate action aimed at weakening a polity, effort, or organization through subversion, obstruction, disruption, or destruction.

Suicide Rates

The statistical figure representing the number of suicide deaths in a specified population and time period, typically per 100,000 individuals per year.

Climates

The general weather conditions of a region over a long period, including temperature, humidity, rainfall, and winds.

Non-Human Animals

Living organisms that belong to the Animalia kingdom but are not members of the human species.