When Private Ownership of a Resource Is Clearly Defined and Enforced

question 26

Multiple Choice

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

• A) has little 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 a strong incentive to use the resource wisely.

---

Definitions:

Unethical

Actions or behavior that go against moral principles and do not adhere to accepted standards of conduct.

Omitted Information

Essential facts or details that are intentionally or unintentionally left out of a communication.

Report

A structured document that presents information gathered from analysis or investigation, often used to inform decision-making or to communicate findings on a specific topic.

Presentation

The act of showing and explaining the content of a topic to an audience or listener.