The economic system that has the benefit of cooperation among individuals but suffers from a lack of individual initiative that leads to greater production describes the:

According to the authors of your text, the phrase "property rights" can be substituted with the phrase

A) "property wrongs." B) "what people think they can get away with." C) "animal rights." D) "rugged individualism." E) "free market capitalism."

If a rent control policy is enacted to protect apartment renters, this is likely to lead to

A. an increase in the supply of apartments. B. rise in the number of households looking for rental units. C. increased investment in rental properties. D. the conversion of office buildings to rental apartments.