One Reason Why Property Rights Help Achieve an Efficient Level

question 101

Multiple Choice

One reason why property rights help achieve an efficient level of pollution is because property rights

• A) eliminate marginal private costs.
• B) force the marginal social cost to zero.
• C) change the marginal external cost so that it is equal to the marginal social benefit.
• D) force the marginal private cost to equal the marginal social cost.
• E) force the marginal external cost to a lower level than marginal private cost.

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Definitions:

Positive Discipline

A strategy used in managing employee behaviors that focuses on encouraging good conduct rather than punishing bad behavior.

Sandwich Model

An educational or feedback model that involves starting and ending with positive feedback or comments, with constructive criticism in the middle.

Progressive Discipline

A disciplinary process in the workplace that employs a graduated range of responses to employee performance or conduct issues, from verbal warnings to termination.

Undue Hardship

When accommodation is not possible because it would cost too much or create health or safety risks.