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Dmitry [639]
2 years ago
5

The term "property rights" refers to the physical possession of a house or any other property which the owner legally purchased.

the right of a business not to have its assets confiscated by the government in the event that the business is accused of committing fraud. the ability to exercise control over one's own resources within the confines of the law. the government's right to appropriate land from wealthy land owners to redistribute to peasants.
Business
1 answer:
hoa [83]2 years ago
7 0

Answer:

The term property rights describes  the ability to exercise control over one's own resources within the confines of the law.

Explanation:

Property in economics can be defined as ownership and control over  a resource.

Property rights can be defined as the theoretical and legal ownership of resource or good and its use. It includes a number of components such as

1. The right to use the property in a legal way

2. Right to generate income from the property

3. The right to transfer property to some other person or organization

4. The right to enforce property rights,

all within the confines of the law.

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The country of Baurisia has, until now, been self-sufficient in both grain and meat. However, with growing prosperity in Baurisi
meriva

Answer:

D) It is more economical for Baurisians to import meat than grain.

Explanation:

The argument states that meat consumption in Baurisia is steadily increasing while domestic production is not.

There are two alternatives:

  1. import more grains to feed more animals and produce more meat (the argument favors this option),
  2. or simply import more meat.

But if importing meat is cheaper than importing grains, then there is no need to import more grains in order to feed animals and later get meat from them, you just simply and directly import meat.

4 0
2 years ago
Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff ma
ladessa [460]

Answer:

Caroline to choose right

Antonio chooses left and Caroline chooses right.

Explanation:

Interpreting the payoff matrix:

Both choose right:

Antonio receives 3, Caroline receives 7

Both choose left:

Antonio receives 4, Carolina receives 6

Caroline chooses left, Antonio chooses right:

Antonio receives 7, Caroline receives 5

Caroline chooses right, Antonio chooses left:

Antonio receives 6, Caroline receives 8

As we can see, Antonio only has a better payoff then Caroline if she chooses left and he chooses right. Therefore, the dominant strategy is for Caroline to choose right, this way she will always have the greater payoff.

If Antonio chooses right, the outcome may alter depending on the outcome, therefore it is not a Nash Equilibrium. However, if Antonio chooses left, no matter what Caroline chooses, she will have the greater payoff. At the same time, if Caroline chooses right, Antonio cannot change the outcome by changing his strategy. Therefore, the outcome reflecting the unique Nash equilibrium in this game is as follows: Antonio chooses left and Caroline chooses right.

8 0
3 years ago
Which of these terms means "limited resource"?
Tpy6a [65]
The correct answer among the choices listed is the second option. Scarcity is the term that would mean "limited resource". It is the state of having shortage or small amount of supply with a high value of demand. Hope this helps.
3 0
3 years ago
Read 2 more answers
Hines Cosmetic Co. sold beauty preparations nationally to beauty shops at a standard or fixed- price schedule. Some of the shops
ZanzabumX [31]

Answer:

No, Hines is not guilty of unlawful price descrimination

Explanation:

Hines actions has not meet the criteria for price discrimination which include giving different prices based on gender, race or religion and never prevented the resale of product and the product package for sale never indicated the inclusion of free demonstrator and free advertising material.

3 0
3 years ago
What is approximate debt of the United States right now
Olenka [21]

Answer:

$27 trillion.

Explanation:

5 0
2 years ago
Read 2 more answers
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