Which of the Following Is the Best Example of a Market

question 76

Multiple Choice

Which of the following is the best example of a market failure to conserve a resource resulting from poorly defined property rights?

• A) preserving elephants in Africa
• B) drilling for oil in Saudi Arabia
• C) mining of oil shale in Canada
• D) hunting of deer in the United States

---

Definitions:

Gender Typing

The process by which a child becomes aware of their gender and behaves according to their cultural norms and expectations.

Socialization

The process by which individuals learn and adopt the norms, values, customs, and behaviors appropriate to their society or social group.

Instrumental Aggression

Aggressive behavior aimed at achieving a specific goal or end, rather than out of anger or frustration.

Relational Aggression

A form of aggression focused on harming someone by damaging or manipulating relationships.