Property rights assure people that A. international trade will be limited. B. the government will provide a minimum standard of living. C. the government will not confiscate their income or savings. D. economic growth will enhance government involvement in the economy. E. the factors of production and goods are owned jointly by the government and the people.

Property Rights assure people that the government will not confiscate their income or savings. Option C.

Explanation:

Property Rights define the legal ownership of economic goods or resources, and how they can be used and owned.

Resources and economic goods can be the property of individuals, groups or the government, and property rights give the owner the sole right to earn proceeds from that property without the fear of being disturbed.

Property Rights can also be enforced, whenever the situation calls for it, and this is the attribute that ensures that the government will not be able to confiscate the income and savings of individuals

C. The government will not confiscate their income or savings

Explanation:

Property Rights

These are legal ownership of resources and how they can be used. Property rights establishes who the owner of a given property is. It also gives the owner the right on how he wants to use the resources. Resources covered by property right can both be tangible or intangible. It guarantees that government will not confiscate the owners savings and income. It forms the basis of exchange. It allows for exchange and allocation of property for efficient usage.