?

AP® Microeconomics

Free Version

Upgrade subject to access all content

Easy

Private Property: Role in Market Economy

APMICR-I40B11

Private property is important in a market economy because it

A

provides a source of tax revenue for the government.

B

determines the extent of income inequality in a country.

C

serves as an incentive for efficient use of the property.

D

provides signals to producers regarding production costs.

E

allows for shared consumption of products.