The Term "Property Rights" Refers to

question 249

Multiple Choice

The term "property rights" refers to

• A)the physical possession of a house or any other property which the owner legally purchased.
• B)the ability to exercise control over one's own resources within the confines of the law.
• C)the government's right to appropriate land from wealthy land owners to redistribute to peasants.
• D)the right of a business not to have its assets confiscated by the government in the event that the business is accused of committing fraud.

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Definitions:

Countertrade

A form of international trade in which goods or services are exchanged for other goods or services, rather than for cash.

Less-Developed Country

A country characterized by low levels of industrialization, socioeconomic development, and often a low standard of living among its population.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

Healthcare Facilities

Institutions providing patient treatment with specialized medical and nursing staff and medical equipment.