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.
Correct Answer:
Verified
Q244: Common property is
A) an externality.
B) a social
Q245: Common property is
A) a resource that everyone
Q246: Which of the following is a TRUE
Q247: The underlying reason of the problem of
Q248: In which of the following externality situations
Q250: Joe has broken the mirror of my
Q251: In general, pollution exists in situations in
Q252: The best method to reduce pollution is
A)
Q253: Which of the following is NOT a
Q254: Voluntary agreements may not be a feasible
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