Trade can occur only if property rights are

A. not enforced.

C. legally binding.

D. not transferable.

B. transferable.

Economics

You might also like to view...

Is the actual amount of output that corresponds to the long-run aggregate supply curve fixed? Explain.

What will be an ideal response?

Economics

Tariffs are costly to consumers because

A. the supply of the imported good increases. B. the price of the imported good falls. C. consumers have to pay higher-prices. D. import competition increases for domestic goods.

Economics