A Property Right Is

question 104

Multiple Choice

A property right is

• A)any commodity or token that is generally acceptable as a means of payment.
• B)an economic unit that hires factors of production and organizes those factors to produce and sell goods and services.
• C)any arrangement that enables buyers and sellers to get information and to do business with each other.
• D)a social arrangement that governs the ownership,use,and disposable of anything that people value.
• E)a medium of exchange.

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Definitions:

Physical Arousal

A physiological state of heightened activity and alertness, characterized by increases in heart rate, blood pressure, and respiration rate, often in response to excitement or stress.

Proximity

The proximity or emotional connection among individuals, things, or concepts, frequently affecting their relations and engagements.

Mere Exposure Effect

The tendency of people to like things more just because they recognize them.

Self-Fulfilling Prophecy

A belief or expectation that an individual holds about a future event that manifests because the individual holds it.