When Private Ownership Rights Are Clearly Defined and Well Enforced

question 89

Multiple Choice

When private ownership rights are clearly defined and well enforced, owners of resources

• A) have no incentive to consider the desires of others or the potential future value of the resource.
• B) have an incentive to develop and expand resources that are expected to be valuable in the future.
• C) have an incentive to consume the resource as quickly as possible before others seize it.
• D) have little incentive to take care of the resource or conserve it for the future.

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Definitions:

Conglomerate

A coarse-grained sedimentary rock composed of rounded fragments or clasts of pre-existing rocks bound together by a matrix of finer particles and cement.

Marine Conditions

Environmental factors pertaining to the ocean or sea, including salinity, temperature, and ecosystems.

Nonmarine Conditions

Environmental or geological conditions that occur in areas not influenced by the sea, often referring to freshwater or terrestrial habitats.

Coral Reef

Underwater ecosystems characterized by reef-building corals. These structures provide habitat for a diverse range of marine species and are important for coastal protection.