When It Is Difficult to Assign and Enforce Property Rights

question 84

Multiple Choice

When it is difficult to assign and enforce property rights,

• A) markets result in outcomes that are often inefficient.
• B) courts can easily negotiate efficient outcomes.
• C) establishing better property rights is always the best way to deal with environmental problems.
• D) government regulation can never improve on the outcomes generated by competitive markets.

---

Definitions:

Sensitivity

The quality of being responsive or susceptible to changes or the feelings of others; in a business context, it can relate to understanding market needs or team dynamics.

Tyranny

A form of government where power is held by a single ruler who often exercises authority in a cruel or oppressive manner.

Leadership

The act of guiding or directing a group towards achieving shared goals, often involving strategic decision-making, inspiring others, and fostering a supportive environment.

Social

Relating to society or its organization.