Which of the following will most likely occur under a system of-09144
Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.6.
Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
Resource owners will fail to conserve vital resources, even if they expect their scarcity to increase.
Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned.
Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources.
Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.
