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Questions and Answers
Which one of the following is a key characteristic of property in law?
Which one of the following is a key characteristic of property in law?
- Property is the right of control.
- Property is the relationships an owner acquires with respect to things. (correct)
- Property refers to material objects.
- Property is the thing owned.
What are the rights of private property under the law?
What are the rights of private property under the law?
- The right to use and enjoy the fruits or profits.
- The right to destroy or injure.
- The right to possess and exclude others. (correct)
- The right to dispose or transfer.
What is the most important instrument for organizing private property rights in the means of production?
What is the most important instrument for organizing private property rights in the means of production?
- Structures
- Land
- Corporate equity represented by shares of common stock (correct)
- Machines
What does joint or share ownership provide in a corporation?
What does joint or share ownership provide in a corporation?
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What is the primary social 'link' between a human being and the process of producing and distributing wealth?
What is the primary social 'link' between a human being and the process of producing and distributing wealth?
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Why is democratizing ownership essential for democratizing power?
Why is democratizing ownership essential for democratizing power?
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