Trade can occur only if property rights are
A) not enforced.
B) transferable.
C) legally binding.
D) not transferable.

Question

Quizplus · Accepted Answer

Trade requires transfer of ownership of goods or services. This can only happen if property rights are transferable, meaning individuals have the legal right to buy or sell their property. If property rights are not transferable, trade cannot occur. Therefore, option B is the correct answer.

Trade Can Occur Only If Property Rights Are