Which of the Following Statements Is Correct

question 136

Multiple Choice

Which of the following statements is correct?

• A)In an economy-wide sense,property rights are an important prerequisite for the price system to work.
• B)Property rights give people the ability to exercise authority over the resources they own.
• C)Based on the available evidence,the existence of well-established and well-enforced property rights appears to be associated with an enhanced standard of living.
• D)All of the above are correct.

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Definitions:

Sociological Method

A systematic approach to research in sociology that involves the use of theories and techniques to understand and explain social phenomena.

Ideal Society

A conceptual society that possesses highly desirable or nearly perfect qualities for its citizens, often used as a benchmark to measure real societies against.

Factory Work

Involves manual or mechanized labor performed within a factory setting, typically related to the manufacturing of goods or products.

Class Society

A social system in which people are divided into hierarchies based on socioeconomic status, impacting their opportunities, lifestyle, and power.