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Match each of the left-hand examples to a dimension of property rights.
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The provided data appears incomplete. The task asks to 'Match each of the left-hand examples to a dimension of property rights,' but there are no answer options or left-hand examples listed, and the answer field is an empty string. Without the actual items to match an......Login to view full explanationLog in for full answers
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Consider a public resource that is required for the production process of a firm, but its use destroys it. The profit of the firm from the usage of this resource will be 200$, but it also decreases the utility of the public by 100$. The government considers two options over the ownership rights of this resource in order to maximize welfare.
Why might some governments provide limited or no property rights to their citizens?
Why might some governments provide limited or no property rights to their citizens?
Part 1Gustavo is a young doctor who lives in a country with a relatively inefficient legal and financial system. When Gustavo applied for a mortgage, he found that banks usually required collateral for up to 300% of the amount of the loan. Part 2Why might banks require that much collateral in a financial system like Gustavo's country? A. An inefficient legal system implies strong property rights, and under such a strong system, collateral is more highly valued and hence more desirable. B. An inefficient legal system implies strong property rights, and collateral helps banks recoup some of their loan if the borrower defaults. C. An inefficient legal system implies weak property rights, and collateral helps banks recoup some of their loan if the borrower defaults. Your answer is correct.D. An inefficient legal system implies weak property rights but also high property values, making collateral more highly valued and hence more desirable. Part 3As a result, when compared to other countries, we would expect Gustavo's nation to have: A. more investment and faster economic growth. B. less investment and faster economic growth. C. less investment and slower economic growth. D. more investment and slower economic growth.
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