Changing the Ownership of the Ocean from Common Property to Private

question 172

Multiple Choice

Changing the ownership of the ocean from common property to private property would

• A) ensure that this resource would be allocated in a more efficient manner.
• B) ensure that this resource would be allocated in a less efficient manner than under common property rights.
• C) not be economically desirable.
• D) result in no appreciable change in efficiency of utilization of this resource.

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Definitions:

Polygamous

A mating system in which an individual has more than one mate simultaneously.

Arapesh

A cultural group from the early anthropological literature, known for their emphasis on cooperation and peacefulness, located in Papua New Guinea.

Gender-neutral Traits

Characteristics or attributes that are not associated with or specific to one gender; they can be applicable to any person regardless of their gender.

Temporal Orientation

Refers to the cultural or individual way of perceiving and valuing time, focusing on the past, present, or future.