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The Devices the Government Can Use to Achieve a More

question 45

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The devices the government can use to achieve a more efficient allocation of resources in the presence of external benefits include all of the following except


Definitions:

Land Titles System

A legal system for registering and validating land ownership, including the rights and responsibilities of titleholders.

Communist Countries

Nations that operate under a communist system of government, where the state plans and controls the economy and a single, often authoritarian party holds power.

True Ownership

The actual possession of a right, property, or interest, legally recognized and free from any dispute or contention.

Tenants-In-Common

A form of co-ownership where each tenant (or owner) has an undivided interest in the property, and may have differing share sizes.

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