In a World Lacking Property Rights, It Would Be ________

question 281

Multiple Choice

In a world lacking property rights, it would be ________ to realize the gains from trade and there would be ________ specialization.

• A) easier; less
• B) easier; more
• C) harder; less
• D) harder; more

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Definitions:

Group Accountability

The principle that all members of a group share responsibility for the group's decisions, actions, and outcomes.

Individual Accountability

Individual accountability involves holding oneself responsible for one's actions and outcomes, emphasizing personal integrity and responsibility.

Morale

The overall attitude, confidence, and satisfaction of an individual or group at a particular time.

Goal Setting

Allows employees to set their own goals.