In a world lacking property rights, it would be ________ to realise the gains from trade and there would be ________ specialisation.
A)harder; more
B)harder; less
C)easier; more
D)easier; less

Question

Quizplus · Accepted Answer

Without property rights, individuals and businesses would find it difficult to secure and enforce agreements, making it harder to realise the gains from trade. This uncertainty would also discourage specialisation, leading to less of it.

In a World Lacking Property Rights, It Would Be ________