(Answered) If you have a private-ownership right to something what

Economics

If you have a private-ownership right to something, what does this mean? Does private ownership give you the right to do anything you want with the things that you own? Explain. How does private ownership influence the incentive of individuals to

(a) take care of things,

(b) conserve resources for the future, and

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9897009
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question what is a just society which of the three theories

Question: What is a just society? Which of the three theories of economic justice discussed in Chapter Three (utilitarian, libertarian, or Rawls's theory) do you feel would best create such a society? Why have you select ...

Question - for the following questions write whether the

Question - For the following questions write whether the statements are true or false and give full justification for your answer. (a) For a given income level, it is not possible to have both good 1 and good 2 as luxury ...

Question firms engage in an activity called forward pricing

Question: Firms engage in an activity called "forward pricing" when they establish, during the early stages of the learning curve, a price for their product that is lower than their actual costs, in anticipation of lower ...

Question the organizational structure can make a big

Question: The organizational structure can make a big difference regarding how a company operates. Most companies today work in a functional structure. In other words, the communication is top-down. Today, however, the m ...

Question 1 why is tfc horizontal2 if the consumer income

Question: 1. why is TFC horizontal? 2. If the consumer income increase, show the impact on his budget line, assume the price not change. 3. Why is a seller under perfect competition market is a price taker? The response ...

Question from 1947 to 1973 the us economy went through five

Question: From 1947 to 1973, the US economy went through five recessions, while Europe and Japan did not have any. Since 1982, however, cyclical downturns in Europe and Japan have been at least as frequent as in the US. ...

Question a consumer has the following utility function

Question: A consumer has the following utility function: U(x1,x2)=ln(x1)+2*ln(x2), where ‘ln' stands for the natural logarithm. Reminder - the derivate of ln(x1) with respect to x1 is 1/x1. a. Calculate the demand functi ...

Question what major factor causes the implicit price

Question: What major factor causes the implicit price deflator and the chained price deflator to diverge over time? Under what circumstances would we expect to find very little difference in these two measures of prices? ...

Question during 2008 the average income in china increased

Question: During 2008, the average income in China increased by 10 percent. Compared to 2007, how do you expect the following would change: a. The demand for beef? Explain your answer. b. The demand for rice? Explain you ...

Question evaluate the causes of sudden stop and currency

Question: Evaluate the causes of Sudden Stop and Currency Crises as outlined in the lecture and by Claessens and Kose alongside the Walter/Steinberg reading on external adjustment and imbalances. Using a political econom ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert