When Private Ownership of a Resource Is Clearly Defined and Enforced

question 116

Multiple Choice

When private ownership of a resource is clearly defined and enforced, the private owner

• A) has little incentive to consider the wishes of others when deciding how to use the resource.
• B) has little incentive to take care of the resource.
• C) has a strong incentive to use the resource wisely and to consider seriously the wishes of others when deciding how to employ the resource.
• D) has a strong incentive to consume the resource during the period rather than conserving it for future use.

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Definitions:

American Department of Defense

The federal department charged with coordinating and supervising all agencies and functions of the government relating directly to national security and the United States armed forces.

Mass Media

Various forms of communication technologies that reach a large audience via mass communication, such as newspapers, television, radio, and the internet.

Large Audience

A significant number of people who receive and interpret messages or content from various media or public speaking engagements.

Communication Technologies

Tools and mediums used for the transmission of information from one place to another, including the internet, radio, television, and mobile phones.