If the Government Assigns Private Property Rights to a Common

question 139

Multiple Choice

If the government assigns private property rights to a common resource, then the

• A) resource is under-utilized.
• B) marginal private cost becomes equal to the marginal social cost.
• C) government needs to set a quota to achieve efficiency.
• D) None of the above answers is correct.

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Definitions:

Anxious Feeling

A state of worry, nervousness, or unease about something with an uncertain outcome.

Open Posture

A position that conveys a feeling of receptiveness and friendliness; facing another person with arms comfortably at the sides or in the lap.

Body Language

Non-verbal communication, including facial expressions, eye contact, posture, touch, and attention to personal space.

Facial Expressions

The movements of the facial muscles that convey emotions and communication.