In the Context of Legal Framework,which of the Following Statements

question 61

Multiple Choice

In the context of legal framework,which of the following statements is true about the property system?

• A) The state takes ownership of resources directly as a result of legislation provided.
• B) The citizens acquire resources primarily through taxation.
• C) The state enforces rights when people legally have exclusive property rights in scarce resources.
• D) The state primarily plans what people should do and allocates the resources.
• E) The state limits and excludes any redistribution of resources through voluntary exchange.

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