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Answer true or false and briefly explain A key role of property rights is that in...

Answer true or false and briefly explain A key role of property rights is that in the presence of scarce resources, these rights create incentives for investment in improving productivity?

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Answer #1

True

Private property provides an incentive to conserve resources and maintain capital for future production.full benefits of private property is realized when owner have ability to exchange with other .owners have the ability to exchange it with others.

The freedom to enter into voluntary exchanges should obviously Increase the subjective well being of individual in a society.if two people agree to exchange something they both demonstrate that they desire what the other had more than what they gave up.both parties expect to benefit from the trade , expect their well being to increase .

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