If Property Rights Are Not Well Enforced,all of the Following

question 159

Multiple Choice

If property rights are not well enforced,all of the following are likely to occur except

• A)fewer goods and services will be produced.
• B)economic efficiency will be reduced.
• C)an economy will produce inside its production possibilities frontier.
• D)a significant number of people will be willing to risk their funds by investing them in local businesses.

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Definitions:

Studying

The act of devoting time and attention to gain knowledge on a particular subject or to prepare for exams.

Video Games

Electronic games that involve human interaction with a user interface to generate visual feedback on a video device.

Total Profits

The overall income of a business after subtracting all expenses from the total revenue.

Producing Units

Facilities or entities involved in the creation of goods or services.