In an Economy Lacking Property Rights, It Would Be _______

question 18

Multiple Choice

In an economy lacking property rights, it would be _______ to realize the gains from trade, and there would be _______ specialization compared to an economy with property rights.

• A)more difficult; more
• B)more difficult; less
• C)easier; more
• D)easier; less
• E)none of the above

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Definitions:

Tyrannosaurus

Tyrannosaurus is a genus of theropod dinosaurs that lived approximately 68 to 66 million years ago, known for being one of the largest land predators of its time.

Homology

Refers to the existence of shared ancestry between a pair of structures, or genes, in different species.

Parsimonious

Characterized by extreme or excessive economy or simplicity in approach or methodology, often in scientific theories.

Convergent Evolution

A process whereby organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.