201 BS 6 Property Rights--Key - her daughters education or...

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1. Melba owns a condo in Chicago. She can sell it if she chooses because a. Her property rights are alienable b. Her decision rights are alienable c. Her property rights are private d. Her decision rights are alienable e. None of the above 2. Mrs. Newcomb owns a piece of farmland that has been in Mrs. Newcomb’s family for four generations. She is ready to retire and plan to give the deed to the land to her daughter, Melanie. Mrs. Newcomb is the only person with the legal right to decide what to do with the land because, in the US, a. property rights are alienable b. property rights are private c. decision rights are alienable d. decision rights are private e. none of the above 3. Kristie owns a ’57 Chevy. She is deciding between selling it and saving the proceeds for
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Unformatted text preview: her daughters education or keeping it for her daughter to drive in 2 years when she turns 16. Kristie is the only person who can decide what to do with the car because a. decision rights are private b. property rights are private c. decision rights are alienable d. property rights are alienable 4. Kristie owns a 57 Chevy. She is deciding between selling it and saving the proceeds for her daughters education or keeping it for her daughter to drive in 2 years when she turns 16. Kristie can consider selling the car because a. decision rights are private b. property rights are private c. decision rights are alienable d. property rights are alienable e. None of the above...
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