When an Investment Project Generates Output That Is Valued More

question 36

Multiple Choice

When an investment project generates output that is valued more highly than the value of the resources required for its production,

• A) undertaking the project will create wealth.
• B) it will generally be profitable to undertake the project if property rights are securely defined and enforced .
• C) entrepreneurs seeking profit will have little incentive to undertake such projects.
• D) both a and b are correct.

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