When Private Ownership of a Resource Is Clearly Defined and Enforced

question 89

Multiple Choice

When private ownership of a resource is clearly defined and enforced, the private owner

• A) has a strong incentive to consider the wishes of others when deciding how to employ the resource.
• B) has little incentive to use the resource wisely.
• C) has a strong incentive to consume the resource during the period rather than conserving it for the future.
• D) has little incentive to consider the wishes of others when deciding how to employ the resource.

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Definitions:

ATP

ATP, a molecule responsible for transporting energy throughout cells for metabolic processes.

Phospholipids

A class of lipids that are a major component of all cell membranes as they can form lipid bilayers due to their amphiphilic characteristic.

Phagocytosis

The cellular process of engulfing solid particles by the cell membrane to form an internal compartment known as a phagosome.

Lysosome

An organelle in the cytoplasm containing degradative enzymes enclosed in a membrane, involved in breaking down cellular waste.