Consider the Following Problems: Overcrowded Public Highways, Overfishing in the Ocean

question 68

Multiple Choice

Consider the following problems: overcrowded public highways, overfishing in the ocean, polluted air, and the near-extinction of the wild rhinoceros. What do these problems have in common?

• A)Private markets could easily solve them if governments left the markets alone.
• B)They would all go away if the government sponsored an intensive public-information campaign.
• C)They are all the result of a failure to establish clear property rights over something of value.
• D)They are all the result of a failure of corrective taxes.

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Definitions:

Carbohydrate

Organic compounds made up of carbon, hydrogen, and oxygen that serve as a major source of energy for the body.

Lactose

A sugar found in milk and dairy products, composed of glucose and galactose.

Organic Groups

Chemical groups containing carbon atoms bonded to hydrogen atoms, part of organic molecules.

Carbohydrate

A large group of organic compounds occurring in foods and living tissues, including sugars, starch, and cellulose. They are a major source of energy for the body.