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:

Differentiation

Development toward a more mature state; a process changing a young, relatively unspecialized cell to a more specialized cell. Also called cell differentiation.

Gene Activity

The process by which a gene's information is used to synthesize functional gene products, like proteins, influencing the cell's functions.

Determination

In developmental biology, determination is the process by which cells become committed to a specific cell fate.

Morphogenesis

The development of the form and structures of an organism and its parts; proceeds through a series of steps known as pattern formation.