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:

Top Management

Refers to the highest level of executives and senior managers who are responsible for the strategic decisions and overall direction of a company or organization.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that affects an individual's employment or creates a hostile work environment.

Legal Settlements

Agreements reached between parties in a dispute before or after legal proceedings, which resolve the dispute without the need for a trial.

Managing Diversity

The practice of acknowledging, understanding, accepting, and valuing differences among people including those of different races, cultures, abilities, and ages.