Question

Property rights

A. provide incentives for selling.
B. are enforced by government.
C. are part of the rules of the game for markets to work.
D. are a prerequisite for anything to be produced.
E. are all of the above.

Answer 1

Property rights are essential for economic growth as they incentivize transactions, are enforced by government, and set the foundational rules for market operation. The correct answer is E. are all of the above.

Step-by-step explanation:

The property rights mentioned in the student's question are a core component of economic growth and serve as the legal foundation for market transactions. They are:

1. Providing incentives for selling, as ownership allows for the transfer of property in exchange for economic benefits.
2. Enforced by government, ensuring legal protection for owners against theft, fraud, and violations of contracts.
3. Part of the rules of the game for markets to operate efficiently, creating a predictable environment for trade and commerce.

The correct answer to the student's question, which combines the above elements, is E. are all of the above.