Externalities Exist Because

question 43

Multiple Choice

Externalities exist because

• A) owners of private property have an incentive to maintain their property.
• B) owners of private property have little incentive to protect their property.
• C) owners of private property are not able to trade with others.
• D) property rights are not clearly defined.
• E) there is too much private ownership of property.

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Definitions:

Civil Rights Act

Landmark legislation in the United States aimed at ending discrimination based on race, color, religion, sex, or national origin, and promoting equal access to public spaces and employment.

NLRA

The National Labor Relations Act, legislation enacted by the U.S. Congress in 1935 to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private-sector labor and management practices.

Unfair Employer Practice

Any act by an employer that is unjust, discriminatory, or violates an employee's rights or labor laws.

Unionize

The act of organizing into or forming a union, especially for the purpose of collective bargaining with employers.