The most likely reason why Los Angeles has so much smog is that residents
A) do not have strong, enforceable property rights to rapid transit
B) do not have strong, enforceable property rights to clean air
C) prefer dirty air to the inconvenience of rapid transit
D) prefer dirty air to the inconvenience of carpools
E) prefer dirty air to the inconvenience of eliminating smog
Correct Answer:
Verified
Q7: An externality is
A)a cost of a transaction
Q8: Property rights can be defined and enforced
A)only
Q9: All of the following are sources of
Q10: Fish are
A)always renewable resources
B)renewable resources whenever property
Q11: When consumption of a good or service
Q13: Pollution arises because
A)the atmosphere is a nonrenewable
Q14: Renewable resources are those for which
A)additional units
Q15: If periodic use of a resource can
Q16: An individual who drives a car without
Q17: A person can cause a negative externality
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