Question

If you have private-ownership rights to something, what does this mean? O It means that you can transfer, sell, or mortgage the good. O It means that you have the right to do anything vou want with the good O It means that you pald for the good O It means that you have the right to infringe on the rights of ochers Evaluate the foliowinG statem nt about how private ownershp nnuences he i centive ๙ ntivduals to deve oo beneficial to cthers. and modity shings in wave that are True ar Fase: Private onners can gain by emploving their resources in mavs that are benefical to ethers, and they bear the apportunity cost of ignoring the wishes of others O True O False Ceade It Now Save & Continue Contnue without saving

Answer 1

Second option is correct

When ownership rights are possessed it means that the individual can bring changes in the good or modify it according to his or her preferences. This matters as long as it does not harm others

The statement is false. When somebody has private ownership rights, there is no opportunity cost of ignoring the wishes of the others because the right over the resources allows the individual to use it according to his or her preferences and not according to the preferences of the others.