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Statement I: It is the role of government to ensure that property rights are protected,but not to interfere with minimizing any unpleasant side effects from pollution.
Statement II: The U.S.government must provide the infrastructure for a market system to function efficiently.
Potential Buyers
Individuals or entities that are considered likely or able to purchase a product or service based on their interest, needs, or financial capability.
Moral Hazard
The situation where one party engages in risky behavior because it knows another party bears the consequences or risks.
Disaster Relief
Assistance provided to individuals or communities to help them recover from natural or man-made disasters.
Crop Insurance
Insurance that farmers can purchase that will pay out if crop selling prices or crop revenues fall below predetermined values.
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