Questions: Property rights refer to the legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.

Property rights refer to the legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.
Transcript text: Property rights refer to the legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.
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Solution

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The answer is A: Property rights refer to the legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.

Explanation for each option:

A. Property: This is the correct answer. Property rights are legal rights that determine the use of resources and the income generated from them. They are fundamental in economics and law, as they define ownership and the ability to transfer or utilize resources.

B. Common: Common rights typically refer to rights held by a group or community over a resource, such as common land or shared water resources. These rights are not individual property rights but are shared among members of a community.

C. Trade: Trade rights generally refer to the rights related to the exchange of goods and services. While trade can involve property rights, trade rights themselves do not specifically refer to the use of a resource or the income derived from it.

D. Positive: Positive rights are a type of human rights that require action or provision from others, such as the right to education or healthcare. They do not specifically relate to the use of resources or income derived from them.

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