Asked by
diasia nunez
on Dec 11, 2024
Verified
Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
A) Resource owners will fail to conserve vital resources, even if they expect their supply to be highly limited in the future.
B) Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned.
C) Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources.
D) Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.
Private Property Rights
The legal rights to possess, use, and dispose of assets such as land, buildings, or personal items, protected under the law.
- Understand the role of private property rights in resource conservation and economic efficiency.
Verified Answer
OD
Learning Objectives
- Understand the role of private property rights in resource conservation and economic efficiency.
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