Changing the Ownership of the Ocean from Common Property to Private

question 172

Multiple Choice

Changing the ownership of the ocean from common property to private property would

• A) ensure that this resource would be allocated in a more efficient manner.
• B) ensure that this resource would be allocated in a less efficient manner than under common property rights.
• C) not be economically desirable.
• D) result in no appreciable change in efficiency of utilization of this resource.

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Definitions:

Tolerance

The readiness to tolerate emotions, practices, or convictions that diverge from one's personal views.

Nonverbal Differences

Variations in body language, facial expressions, and other forms of non-spoken communication that differ between cultures or individuals.

Businesspeople

Individuals engaged in activities related to the operation, management, and organization of businesses.

Misunderstandings

Situations where there is a failure to understand something correctly, leading to errors or conflicts.