Quiz​

According to Hernando de Soto's insight, ifproperty rights are clear, social wealth will naturally increase. This isbecause members of society will engage in the most advantageous transactionsfor themselves, which ultimately maximizes social wealth. What is the economictheory that states transactions will be conducted in a way that maximizessocial utility if property boundaries are clear, there is little room fordisputes, and procedural costs for voluntary transactions between members arelow?

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(10 points, no penalty for incorrect answers)