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In the U.S. free enterprise system, property rights give businesses the right to:A.ignore federal regulations while on private property.B.sell property in foreign markets without paying taxes.C.use their employees' property at any time.D.sell their property at any price they want.

Question

In the U.S. free enterprise system, property rights give businesses the right to:A.ignore federal regulations while on private property.B.sell property in foreign markets without paying taxes.C.use their employees' property at any time.D.sell their property at any price they want.

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Solution

The correct answer is D. In the U.S. free enterprise system, property rights give businesses the right to sell their property at any price they want. This is because the free enterprise system is based on supply and demand with little or no government control. A business can set the price of its property based on what it believes the market will bear.

Similar Questions

One of the major benefits of property rights in a free enterprise system is that:A.courts are able to force companies to sell property at fair prices.B.governments have more influence over property being bought and sold.C.businesses are free to sell their products at the prices they choose.D.consumers are able to freely use intellectual property from any business.

Why are property rights important to a free enterprise system?A.They encourage businesses to focus on a specific type of service.B.They establish fair prices for important goods and services.C.They limit the amount of property a single business can own.D.They prevent rivals from copying a business's product.

Which economic concept allows businesses to freely buy and sell goods as they see fit?A.Property rightsB.EntrepreneurshipC.Federal regulationD.Opportunity cost

A free enterprise system is a type of economy that:A.focuses on producing and selling goods in local communities.B.ensures that all citizens have jobs and places to live.C.strictly controls corporations to protect consumers.D.prevents governments from interfering with businesses.

refers to laws and governmental rules that limit the freedom of business owners to manage their businesses as they please.

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