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Question
Which of the following is a feature of property rules?
a) Property rules provide incentives to create assets.
b) Property rules inhibit bargaining.
c) Property rules pose considerable difficulties in the way of economic transactions.
d) Property rules prevent gains from trade to be realized.
Answer
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Related questions
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c) micropatronage
d) fair trade movement
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TMX, a manufacturing company based in the U.S. decides to expand to emerging market countries in Africa. The company uses individualized incentives to motivate employees in its new branches but find that such incentive programs are not working. Which of the following is the most likely explanation for its failure?
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b) The demand side of corruption is high.
c) The collectivist culture of the country is hostile to such incentive programs.
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b) persecution of religious minorities
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