If Property Rights Are Weak or Uncertain, Resource Extraction Will

question 168

Multiple Choice

If property rights are weak or uncertain, resource extraction will tend to

• A) occur faster than the rate that would maximize the long-run stream of profits.
• B) occur slower than the rate that would maximize the long-run stream of profits.
• C) occur at the rate that would maximize the long-run stream of profits.
• D) stop.

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Definitions:

On-line Retailing

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Internet Growth

The expansion and increase in usage, infrastructure, and capabilities of the internet across the world.

Collection Time

The average amount of time it takes for a business to receive payments owed by its customers after a sale has been made, indicative of a company's efficiency in collecting accounts receivable.

Short-term Securities

Securities that typically mature in one year or less, often used for investment with lower risk and short-duration goals.