If the Government Assigns Private Property Rights to a Common

question 139

Multiple Choice

If the government assigns private property rights to a common resource, then the

• A) resource is under-utilized.
• B) marginal private cost becomes equal to the marginal social cost.
• C) government needs to set a quota to achieve efficiency.
• D) None of the above answers is correct.

---

Definitions:

Protective Factor

Designates any attribute, characteristic, or condition that reduces a person’s risk of developing a problem or disorder.

Resilient

The ability to recover quickly from difficulties; emotional strength and toughness.

Stress

A psychological and physical response to demands or challenges, which can affect one's mental and physical health.

Behavior Therapy

Therapeutic approach using principles of learning theory to encourage desired behaviors or eliminate undesired ones; also called behavior modification.