Government enforced property rights are crucial to economic growth because they
What will be an ideal response?
-make the returns to? risk-taking relatively more certain.
-provide incentives for capital accumulation and entrepreneurial activity.
-encourage people to save knowing their wealth will not be arbitrarily confiscated.
All of the above.
You might also like to view...
GDP using the expenditure approach equals the sum of personal consumption expenditures plus
A) gross private investment. B) gross private investment plus government expenditure on goods and services. C) gross private investment plus government expenditure on goods and services minus imports of goods and services. D) gross private investment plus government expenditure on goods and services plus net exports of goods and services.
Keynes's liquidity preference theory indicates that the demand for money is
A) constant. B) positively related to interest rates. C) negatively related to interest rates. D) negatively related to bond values.
A decrease in savings deposits would ____ M1 and ____ M2. a. increase; increase
b. not change; increase. c. decrease; decrease. d. not change; decrease.
Economists have found that union workers earn about 30 to 40 percent more than similar workers who do not belong to unions
a. True b. False Indicate whether the statement is true or false