A resource that has private property rights is
A) owned by everyone.
B) one that benefits no one.
C) used efficiently.
D) overutilized.
E) underutilized.

Question

Quizplus · Accepted Answer

Private property rights give individuals or businesses exclusive rights to use, control, and transfer resources. This creates an incentive for the owner to use the resource efficiently and make the most profit from it. Therefore, resources with private property rights are typically used efficiently.

A Resource That Has Private Property Rights Is