When Private Ownership Rights Are Well-Defined and Enforced, Owners

question 121

Multiple Choice

When private ownership rights are well-defined and enforced, owners

• A) can ignore the wishes of others, without bearing the cost.
• B) have little incentive to take care of things.
• C) can do anything they want with their property.
• D) can be held accountable for damage to others through misuse of their property.

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Definitions:

Proportion

A statistical measure expressing the fraction of a quantity within a whole.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

Sample

A group of people or objects chosen from a broader group to conduct statistical studies.

Population

The entire pool from which a statistical sample is drawn and is the total set of observations that can be made.