If Private Property Rights Were Established in the Oceans, There

question 23

Multiple Choice

If private property rights were established in the oceans, there would probably be

• A)more ocean pollution.
• B)less ocean pollution.
• C)the same amount of ocean pollution that exists without private property rights in the ocean.
• D)more ocean voyages on cruise ships.

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Definitions:

Inflation

The magnitude of growth in the overall price points for goods and services, weakening the efficacy of spending power.

Government Spending

The total amount of money expended by a government on various sectors, including infrastructure, education, defense, and social services.

Net Exports

The difference between a country's total exports of goods and services and its total imports of goods and services over a specified period.

Samuelson

Refers to Paul Samuelson, a prominent economist known for his contributions to many fields of economics.