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:

Ice Pack

A portable bag filled with ice or refrigerant gel used to reduce swelling, relieve pain, or decrease inflammation by applying cold temperatures to affected areas.

Swelling

An enlargement of a body part caused by an accumulation of fluid or inflammation in tissues.

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A lamp designed to emit ultraviolet (UV) light, used for various applications including sterilization, curing processes, and scientific research.

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A common skin condition characterized by reddish-silver, scaly lesions most often found on the elbows, knees, scalp, and trunk.