A Property Right _____

question 37

Multiple Choice

A property right _____.

• A)gives the owner the right to do whatever she pleases with the property
• B)applies to homes and cars,but not to other types of property
• C)does not free an individual from related obligations
• D)is limited by a person's ability to protect it from predators

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Definitions:

Demand

Prospective customers’ desire for the goods and services available.

Competitor Prices

Refers to the pricing strategies and rates set by companies competing in the same market or industry.

Facial Expression

The movement or position of the face that conveys the emotional state of the individual, including expressions of happiness, sadness, anger, surprise, fear, and disgust.

Messages

Pieces of communication or information conveyed from one person, group, or place to another.