7. Why must private ownership of property be guaranteed before a free market economy will work?

The government will retain too much power if there is a guarantee.

Entrepreneurs need to be assured that they will benefit from a successful project.

Without such a guarantee, criminals can steal the profits from a good business.

Unemployment will be too high for the private ownership to work without the guarantee.

Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a. wimpy’s production and productivity are greater than popeye’s. b. popeye’s production is greater than wimpy’s, but his productivity is less. c. wimpy’s production is greater than popeye’s, but his productivity is less. d. popeye’s production and productivity are greater than wimpy’s.