Which of the Following Will Most Likely Occur Under a System

question 143

Multiple Choice

Which of the following will most likely occur under a system of clearly defined and enforced private property rights?

• A) Resource owners will tend to abuse resources and use them selfishly.
• B) Resource owners will conserve vital resources for the future, particularly if they expect the resource to increase in value.
• C) Resource owners will ignore the wishes of others, including those who would like to use the resource that is privately owned.
• D) Resource owners ignore the wishes of others since there is little incentive to employ privately owned resources in ways that are beneficial to others.

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Definitions:

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