Economic theory suggests that if natural resources can be held as private property, then

Question

Quizplus · Accepted Answer

When natural resources are held as private property, the owners have an incentive to manage and conserve them appropriately so that they can continue to reap benefits from them in the long run. This is because the owners have a direct stake in the economic value of the resource and would want to maximize its benefits over time. This aligns with the basic principles of economic theory, which suggest that private ownership leads to better management and conservation of resources. Therefore, option B is the correct answer.

Economic Theory Suggests That If Natural Resources Can Be Held