The Most Important Consequence of Property Rights Is That

question 41

Multiple Choice

The most important consequence of property rights is that

• A)they facilitate exchange.
• B)allow for freedom of choice.
• C)they encourage people to cooperate by helping to ensure that only mutually agreeable economic transactions take place.
• D)they allow for a division of labour.

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Definitions:

Zheng He

A Chinese mariner, explorer, diplomat, and fleet admiral during China's early Ming Dynasty, who led expeditions throughout Southeast Asia, South Asia, the Middle East, and East Africa from 1405 to 1433.

Africa

The world's second-largest and second-most populous continent, rich in cultural diversity, natural resources, and history.

English Law

The legal system of England and Wales, characterized by common law principles, parliamentary statutes, and legal precedents.

Legal Rights

Rights that are bestowed upon individuals by the legal system, including civil, political, and social rights protected by law.