--%>

Property Rights

I have a problem in economics on Property Rights. Please help me in getting the right answer from the following question. John Locke believed that the value and property rights derive from: (i) Social conventions prevailing inheritance. (ii) The helpfulness of services and goods. (iii) Investing and saving. (iv) Human labor.

Choose the right answer from the above options.

   Related Questions in Public Economics

  • Q : Circular flow models of markets I have

    I have a problem in economics on Circular flow models of markets. Please help me in the following question. In a simple circular flow model of markets, the eventual ‘owners’ of all labor and non-labor resources are classified as: (i) Emplo

  • Q : Punishment must fir to crime by Jeremy

    In words of Jeremy Bentham, punishment for a particular committing a wrong against society must be: (i) decided by a jury of the person’s peers. (ii) depends on the individual’s intentions. (iii) depends on the criminal’s position in

  • Q : Founder of utilitarianism Jeremy

    Jeremy Bentham [from 1748 to 1832] was: (1) the owner of a pet pig he permitted to roam by his mansion. (2) the founder of utilitarianism. (3) appointed to the Board of Trustees of the University of London, and keeps on the Board today. (4) stuffed an

  • Q : Give an example of Production in

    By using knowledge and/or technology to apply energy to change materials, thereby making the materials more precious is: (w) production. (x) demand. (y) a total cure for scarcity. (z) economically profitable. Can someone clarify/he

  • Q : Which aspect cannot given by Prices in

    Prices can’t give which one following aspect: (i) Incentives for efficient resource utilize. (ii) Guides for changing levels of production. (iii) Information regarding relative costs. (iv) Ideal references to cover all opportunity costs.

  • Q : Classified resources within the broad

    Can anybody recommend me the proper explanation for specified problem regarding how classified resources within the broad categories: (i) Economic goods, free goods, and bads. (ii) Productive and nonproductive goods. (iii) Land, labor, capital, and en

  • Q : Uses of Normative Economics over

    Can anybody propose the proper explanation for specified problem regarding Normative Economics. Positive economic analysis might NOT be used to test the idea which higher cigarette taxes would reas

  • Q : Major foundations of capitalism Can

    Can someone help me in finding out the right answer from the given options. Major foundations of the capitalism are as: (1) Private property and laissez faire govt. (2) Government enforcement of contracts and equivalent opportunity for all. (3) The ri

  • Q : Explain about the Opportunity Cost in

    Opportunity cost is explained as the value of the: (w) best alternative specified for the decision made. (x) sum of all alternative choices while a decision is made. (y) monetary cost of making a decision. (z) cost incurred while one ignores alternati

  • Q : Socialism-ownership of non-human

    Can someone please help me in finding out the right answer from the following question. A faith that most of the nonhuman resources must be owned, not by the private individuals, however instead ‘by everyone’ in common, with the govt. as t