When Property Rights Are Clearly Defined and Enforced, Private Owners

question 19

Multiple Choice

When property rights are clearly defined and enforced, private owners will

• A) use their property for selfish ends because they have little or no incentive to consider the desires of others.
• B) develop and direct their property toward uses that others value highly because the market will generally reward them for doing so.
• C) have little or no incentive to take care of their property or conserve it for the future.
• D) be unable to derive personal gain if they are sensitive to the desires of others when deciding how to use their property.

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Definitions:

Canaries

Small, singing birds often kept as pets, known for their vibrant color and melodious songs.

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A group of nine volcanic islands situated in the North Atlantic Ocean and is an autonomous region of Portugal.

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Invisible fields that exert force on objects that possess magnetic properties, including electrically charged particles and magnetic materials, fundamental to electromagnetism.