Asked by
Patrick Franklin
on Oct 09, 2024
Verified
(Last Word) According to economist Donald Boudreaux,the world's tens of billions of individual resources get arranged productively:
A) because government has become highly effective at central planning.
B) because private property encourages people to consider the alternative uses of their resources and select those that provide the most rewards.
C) because people tend to be creative and orderly.
D) through random trial and error.
Donald Boudreaux
An American economist known for his work in free market economics and public choice theory, and for being a prolific writer on these subjects.
Private Property
Assets or possessions owned by individuals or corporations and protected by law from unauthorized use or trespass by others.
Alternative Uses
The different purposes or applications a resource can be used for, highlighting economic choices and trade-offs.
- Acquire knowledge on the impact of private property rights concerning the allocation of resources and productivity efficiency.
Verified Answer
HD
Learning Objectives
- Acquire knowledge on the impact of private property rights concerning the allocation of resources and productivity efficiency.