Which of the Following Is True of Private Ownership

question 209

Multiple Choice

Which of the following is true of private ownership?

• A) Private ownership links responsibility with the right of control.
• B) Private owners have little incentive to conserve natural resources for the future.
• C) Private owners have little incentive to develop and use their assets in ways others value.
• D) Private owners can do anything they want with the things they own regardless of the damage it does to the property of others.

---

Definitions:

MCA

Stands for Marginal Cost of Abatement, reflecting the cost associated with reducing one additional unit of pollution.

Transferable Emissions Permits

Transferable emissions permits are allowances granted by a governing body that permit the holder to emit a specific amount of pollution; these permits can be bought and sold in a market, aiming to reduce overall pollution efficiently.

Potential Polluters

Potential polluters are individuals, companies, or other entities that are capable of releasing pollutants into the environment, necessitating regulatory oversight and pollution control measures.

Emissions Fees

Charges imposed on entities for the release of pollutants into the environment.