Which of the Following Will Most Likely Occur Under a System

question 118

Multiple Choice

Which of the following will most likely occur under a system of clearly defined and enforced private property rights?

• A) Resource owners will fail to conserve vital resources, even if they expect their supply to be highly limited in the future.
• B) Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned.
• C) Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources.
• D) Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.

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Definitions:

Economies Reorganized

The process of restructuring the economic systems of a society or country, which can include changing policies, practices, and structures to improve efficiency or adapt to new challenges.

Sub-Saharan Africa

A geographical area of the African continent that is situated south of the Sahara Desert.

Subsistence Agriculture

Farming practices aimed at producing only enough food to feed the farmer's family, with little to none left over for sale or trade.

Global Stratification

The differences in wealth, power, and prestige of different societies relative to their position in the international economy.