Property rights determine ownership of resources among businesses, individuals, and governments.
How do property rights influence the exchange of goods and services in the market?(1 point)
Responses
Property rights prevent market failures from arising in an economy.
Property rights prevent market failures from arising in an economy.
Property rights prevent producers from exhibiting profit-seeking behavior.
Property rights prevent producers from exhibiting profit-seeking behavior.
Property rights allow consumers' wants and needs to control the output of producers.
Property rights allow consumers' wants and needs to control the output of producers.
Property rights determine ownership of resources among businesses, individuals, and governments.
1 answer
1 answer