Which of the following is false?
A)Property rights provide the rules of the economic game.
B)Well defined property rights give individuals the incentive to use their property efficiently.
C)Owners with property rights have an incentive to conserve their property.
D)Owners have no incentive to care what values others place on what they own.

Question

Which of the following is false?
A)​Property rights provide the rules of the economic game.
B)​Well defined property rights give individuals the incentive to use their property efficiently.
C)​Owners with property rights have an incentive to conserve their property.
D)​Owners have no incentive to care what values others place on what they own.

Quizplus · Accepted Answer

Owners with property rights have an incentive to care about the values others place on what they own. This is because the value of their property is closely tied to the demand for it and the price they can receive for it in the market. So, they have an incentive to maintain and improve the quality of their property to increase its value and appeal to potential buyers or renters.

Which of the Following Is False