Macroeconomics: Private and Public Choice
Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781285453545
Author: Russell Sobel; Richard Stroup; James Gwartney; David Macpherson
Publisher: South-Western College Pub
Question
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Chapter 2, Problem 6CQ

(a)

To determine

Meaning of private ownership right and its influence on the incentive of individuals in taking care of things.

(b)

To determine

The incentive of individual to conserve the resources for future on the basis of private property rights.

(c)

To determine

Reasons to develop and modify things that are beneficial to others by a private property owner.

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