When Producers Are Hard to Monitor and Property Rights Are

question 57

Multiple Choice

When producers are hard to monitor and property rights are too costly,________ is (are) an effective method to achieve efficient use of a(n) ________.

• A) individual transfer quotas; public good
• B) making a government payment equal to the marginal private benefits; public good
• C) individual transferable quotas; common resource
• D) individual transferable quotas; excludable good
• E) making a government payment equal to the marginal private costs; common resource

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Definitions:

Friedrich Anton Mesmer

An 18th-century German physician who proposed the theory of animal magnetism and is considered a precursor to the field of hypnosis.

Bodily Problems

Bodily Problems refers to physical health issues or dysfunctions that can affect an individual's daily life and overall well-being.

Hysterical Disorders

Older term for conditions now referred to as conversion disorders, characterized by neurological symptoms without a medical cause.

Eugenics

A controversial and largely discredited philosophy advocating the improvement of human genetic traits through various forms of intervention and selective breeding.