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:

Accounts Payable

An entry in financial accounts showing a corporation's duty to reimburse a short-term loan from its creditors or vendors.

Total Assets

The sum of all current and non-current assets owned by a company, representing the total resources that can be used to generate future income.

Total Liabilities

The total amount of financial obligations a company owes to outside parties, including loans, bonds, accounts payable, and other debts.

On Account

A term indicating that a purchase has been made or services have been ordered with payment to be made at a later date, typically used in accrual accounting.