Property Would Have Little Value If

question 60

Multiple Choice

Property would have little value if

• A)virtually all property were digital.
• B)the law did not define the rights of property owners.
• C)property could be delivered to another without a transfer of title.
• D)the preservation of property was the primary reason for government.

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Definitions:

Input Proportions

The ratio of one type of input to another type of input used in the production of goods or services.

Market Price

The current price at which a good or service can be bought or sold in a competitive marketplace.

Production Increase

An uptick in the quantity of goods and services produced within a given time frame.