The Assignment of Property Rights

question 31

Multiple Choice

The assignment of property rights:

• A)enhances the wealth of some parties, while lowering the wealth of others.
• B)always enhances the the wealth of everybody involved.
• C)leads frequently to a Pareto- improvement.
• D)makes some parties better off while leaving all others as well of as before.

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Definitions:

Innate Traits

Characteristics or qualities that an individual is born with, not acquired or learned.

Maturation

The process of becoming mature; the process of developing in physical, sexual, intellectual, and emotional capacities, typically seen as a natural growth pattern.

Human Genome

The complete set of nucleic acid sequences for humans, encoded as DNA within the 23 chromosome pairs in cell nuclei and in a small DNA molecule found within individual mitochondria.

Genes

Units of heredity made up of DNA that carry genetic information and are responsible for the inherited characteristics of organisms.