Which of the Following Will Most Likely Occur Under a System

question 118

Multiple Choice

Which of the following will most likely occur under a system of clearly defined and enforced private property rights?

• A) Resource owners will fail to conserve vital resources, even if they expect their supply to be highly limited in the future.
• B) Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned.
• C) Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources.
• D) Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.

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Definitions:

Bond

A fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.

Payment

The transfer of money or goods in exchange for the provision of services, the fulfillment of an obligation, or the purchase of goods.

Interest Rate

The fee, represented as a percentage, charged for the privilege of borrowing money, typically assessed annually on the loan principal.

Bank Account

A financial account maintained by a bank for a customer, allowing the deposit and withdrawal of money and the accrual of interest.