When Private Ownership Rights Are Well-Defined and Enforced, Owners

question 121

Multiple Choice

When private ownership rights are well-defined and enforced, owners

• A) can ignore the wishes of others, without bearing the cost.
• B) have little incentive to take care of things.
• C) can do anything they want with their property.
• D) can be held accountable for damage to others through misuse of their property.

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Definitions:

Annoyed

Feeling bothered, irritated, or displeased.

Nail Biting

A common nervous habit where an individual bites their fingernails or the surrounding skin, often a response to stress or anxiety.

Income

Income refers to the money that an individual or business receives in exchange for providing a good or service or through investing capital.

Height

A measurement of how tall a person or structure is, often considered in terms of physical growth, architectural dimensions, or geographical elevation.