The three main characteristics of an efficient property rights structure: exclusivity, transferability, and enforceability.
In standard economics, property rights refer to a bundle of entitlements defining an owner's rights, privileges and limitations to the use of a resource.
Property rights terms refers to social institutions and to not any inherent natural or physical qualities of the resource.
Exclusivity: All the prices and benefits from owning a resource should accrue to the owner.
Transferability: All property rights should be transferable from one owner to a different in an exceedingly voluntary exchange.
Enforceability: Property rights should be secure from seizure or encroachment by others.
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Answer:
Positive correlation
Explanation:
When it comes to correlation - a connection between two factors - there three fundamental categories: <em>negative</em>, <em>positive</em>, and <em>no correlation</em>.
Positive correlation happens when <u>one factor increases with respect to the other factor</u>. This is opposite to negative correlation, in which the factor decreases with respect to the other.
If a study demonstrates that people with high self-esteem have a higher grade point average, this means that high self-esteem is positively correlated to grade point average because the average increases with respect to the self-esteem of the individual.
Therefore, the answer would be: <u>positive correlation is predicted between self-esteem and grade point average.</u>
It important to attach a measure of reliability to the inference made in part b because a measure of reliability is one that tells a person or main one to be certain that the conclusion that was drawn was correct. Without it, people will just guess.
<h3>What is the measure of reliability?</h3>
Reliability is known to be a term that connote the way that a said or a given method measures a thing.
Note that when the same outcome can be obtain always or every time by using the same methods and also under the same circumstances, the measurement is one that is known to be reliable.
A person can be able to measure the temperature of a solid sample a lot of times under the same conditions
Therefore, It important to attach a measure of reliability to the inference made in part b because a measure of reliability is one that tells a person or main one to be certain that the conclusion that was drawn was correct. Without it, people will just guess.
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