When Property Rights Are Clearly Defined and Enforced, Private Owners

question 19

Multiple Choice

When property rights are clearly defined and enforced, private owners will

• A) use their property for selfish ends because they have little or no incentive to consider the desires of others.
• B) develop and direct their property toward uses that others value highly because the market will generally reward them for doing so.
• C) have little or no incentive to take care of their property or conserve it for the future.
• D) be unable to derive personal gain if they are sensitive to the desires of others when deciding how to use their property.

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Definitions:

Boredom

Boredom is a state of feeling disinterested, restless, or unengaged with one's current activity or surroundings.

Neurotic Personality

Describes a personality type characterized by anxiety, moodiness, worry, envy, and jealousy.

Negative Emotions

Feelings such as sadness, anger, and fear that are uncomfortable for the individual experiencing them, but are a natural part of human emotion.

Extraverted

Characterizes individuals who are outgoing, socially confident, and gain energy from interacting with others.