Which of the Following Is True Regarding Private Ownership

question 126

Multiple Choice

Which of the following is true regarding private ownership?

• A) Relative to common ownership, private ownership generally leads to less conservation of resources.
• B) With private ownership, owners are held accountable for using their resources in a manner that harms the resources of others.
• C) Private ownership generally gives the owner little incentive to find ways to use the resource wisely.
• D) With private ownership, resource owners have little incentive to consider the preferences of others when deciding how to employ a resource.

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Definitions:

Expected Value

The long-run average value of repetitions of an experiment it represents.

Metric System

A decimal system of weights and measures based on the meter, liter, and gram as units of length, capacity, and weight or mass, respectively.

Centimeter

A unit of length in the metric system, equal to one hundredth of a meter, commonly used for measuring small distances.

Millimeter

A metric unit of length equal to one thousandth of a meter.