Question

Which of the following will most likely occur under a system of clearly defined and enforced private property rights? a. Resource owners will fail to conserve vital resources, even if they expect their scarcity to increase. b. Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned. c. Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources. d. Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.

Answer 1

option D

Step-by-step explanation:

The correct answer is option D

Private property is the property which is owned by the non-governmental organization. Private property is different from public properties.

A property right is the legal ownership of the resource and how it can be used.

Under clear defined and enforced private properties right resource owner will gain by discovering and employing their resources in such a way that they get high value for his resource.