Which of the Following Statements Is Correct

question 136

Multiple Choice

Which of the following statements is correct?

• A)In an economy-wide sense,property rights are an important prerequisite for the price system to work.
• B)Property rights give people the ability to exercise authority over the resources they own.
• C)Based on the available evidence,the existence of well-established and well-enforced property rights appears to be associated with an enhanced standard of living.
• D)All of the above are correct.

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Definitions:

Future Cash Flows

Estimates of the amount of money that will be received or paid out by a company in the future.