When It Is Difficult to Assign and Enforce Property Rights

question 84

Multiple Choice

When it is difficult to assign and enforce property rights,

• A) markets result in outcomes that are often inefficient.
• B) courts can easily negotiate efficient outcomes.
• C) establishing better property rights is always the best way to deal with environmental problems.
• D) government regulation can never improve on the outcomes generated by competitive markets.

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Definitions:

Embryo

An early stage of development in multicellular organisms, in humans, it refers to the period from fertilization until the eighth week of pregnancy.

Fetus

A fetus is the term for an unborn offspring from the eighth week after fertilization until birth, characterized by rapid growth and development of bodily structures.

Diethylstilbestrol

A synthetic estrogen once prescribed to prevent miscarriages and pregnancy complications but later found to cause cancer and other severe health issues.

Estrogen

A female sex hormone produced mainly by the ovaries.