It Can Be Difficult to Define and Enforce Property Rights

question 144

Multiple Choice

It can be difficult to define and enforce property rights against damaging pollutants when

• A) many polluters are harming one person.
• B) many polluters harm the same large group of people with the same pollutant.
• C) the harms are difficult to quantify.
• D) All of the above are true.

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Definitions:

Embargo

A government order that restricts commerce with a specified country or the exchange of specific goods.

Dumping

In international trade, it's the practice of selling a product in a foreign market at a price that is below the cost to produce it or below the price in the home market.

Tariffs

Taxes imposed by a government on imported goods to increase their price and protect domestic industries from foreign competition.

Predatory Dumping

The practice of selling a product in a foreign market at a price below its cost of production to undercut local competitors and gain market share.