Answer Key: D Question 8 of 19 5.0 Points If two goods are complements: A. they … C. create economic problems. This is a correct answer _____ Question 18 (Worth 5 points) If two goods are complements: they are consumed independently. b. the constitution says so. Private property rights are important because: a. they create incentives for people to improve their standard of living. Protect businesses' freedom to buy and sell products. limit destructive economic growth. Why is it important to protect intellectual property rights? when you won something you have incentive to take care of it . That's because individuals will use their resources carefully and wisely to profit B. b) guarantee that any exchange will make all parties better off than prior to the exchange. Your IP rights are important because they can: set your business apart from competitors; be sold or licensed, providing an important revenue stream why are private property rights important for poor (as well as rich) if people dont own property they cant:-rent it-subdivide it-sell it-use for collateral-pass it on to family. In a market system, well-defined property rights are important because they: reduce unnecessary investment. The answers to these questions can’t be determined in the free market, because someone’s got to make a call on right and wrong. Allow businesses to freely take ideas from competing companies. d) allow the government to control how resources are allocated. create economic problems. because they create incentive to improve standard of living. Property rights also ensure Y use of resources. a) ensure an equal distribution of income. c) encourage cooperation by improving the chances of mutually agreeable transactions. Protecting Heirs Property Rights Monday, January 11th 2021, 11:18 AM CST by James Ferguson The incoming Biden administration and House Ag Committee Chair David Scott have signaled their commitment to work on many of the challenges they say impact black farmers. This Mallows people to invest in small businesses or pay for education. the right to enforce property rights; This obviously encompassing physical goods, but also has to include intellectual goods. In a market system, well-defined property rights are important because they: A. reduce unnecessary investment. Intellectual property (IP) rights are valuable assets for your business - possibly among the most important it possesses. Property rights are important to individuals because they provide the needed to secure credit. Answers: 1 on a question: Property rights are important to a free enterprise system because they: A. That’s where governments and a justice system become necessary. 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