Asked by
Nicholas Acosta
on Dec 11, 2024
Verified
Which of the following is true regarding private ownership?
A) Relative to common ownership, private ownership generally leads to less conservation of resources.
B) With private ownership, owners are held accountable for using their resources in a manner that harms the resources of others.
C) Private ownership generally gives the owner little incentive to find ways to use the resource wisely.
D) With private ownership, resource owners have little incentive to consider the preferences of others when deciding how to employ a resource.
Private Ownership
The holding of property by non-governmental legal entities or individuals.
Conservation Of Resources
Involves managing natural resources wisely to prevent depletion and ensure sustainability for future generations.
Accountable
Being responsible or answerable for actions or decisions, often in a professional or personal context.
- Comprehend the critical role that private ownership plays in decisions related to economics and the stewardship of resources.
Verified Answer
EP
Learning Objectives
- Comprehend the critical role that private ownership plays in decisions related to economics and the stewardship of resources.