The Basic Cause of Deadweight Losses from the Existence of Common

question 204

Multiple Choice

The basic cause of deadweight losses from the existence of common resources and externalities is

• A)a lack of clearly defined and enforceable property rights.
• B)the self-interested rationality of human beings.
• C)the use of a market system to deal with scarcity.
• D)the absence of government intervention.

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Definitions:

Reverse-Scored Items

Items scored in the opposite direction from the responses.

Response Scale

A method used in questionnaires and surveys to measure the intensity or frequency of respondents' feelings, attitudes, or behaviors.

Self-Report Measures

Research tools used to gather data by asking participants to report their own feelings, behaviors, or attitudes.

Socially Desirable

Behaving in ways that are viewed favorably by others, often to gain approval or avoid disapproval.