Compare a Property Rights System in Which People Are Allowed

question 59

Multiple Choice

Compare a property rights system in which people are allowed to keep one-third of the monetary rewards of their labor with a system in which they keep two-thirds.We should expect harder work under the __________ system and less risk taking under the __________ system.

• A)former;former
• B)former;latter
• C)latter;former
• D)latter;latter

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Definitions:

Personal Influence

The effect an individual has on another's feelings, opinions, or behaviors through direct or indirect means.

Marketing

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Lifestyle

The interests, opinions, behaviors, and behavioral orientations of an individual, group, or culture.

Word-Of-Mouth Activity

Word-of-mouth activity refers to the process by which information, recommendations, or experiences are shared verbally from person to person.