The More Certain Private Property Rights Are

question 225

Multiple Choice

The more certain private property rights are

• A) the less people need to invest in education or human capital development.
• B) the less entrepreneurship there will be.
• C) the more capital accumulation there will be.
• D) the more an economy must grow to maintain a certain living standard.

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Definitions:

Hedonic

relates to or is considered in terms of pleasant (or unpleasant) sensations, often used in the context of consumption experiences that provide pleasure or satisfaction.

Utilitarian

Pertaining to or based on the principle of utilitarianism, which advocates for actions that maximize happiness and well-being for the majority of a population.

Subjective

Based on or influenced by personal feelings, tastes, or opinions.

Valence

In psychology, the intrinsic attractiveness or aversiveness of an event, object, or situation.