Questions
PBPL_001_001_25S Midterm Exam 1
Single choice
The lack of clear property rights for black rhinos can lead to:
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Step-by-Step Analysis
Question restatement: The lack of clear property rights for black rhinos can lead to:
Option analysis:
- Provided answer: 'Disincentives for conservation due to free-riding.' This option highlights a core economic and ecological concept: when property rights are unclear or poorly defined, individuals may rely on others to shoulder the costs of conservation, effectively free-riding. This undermines incentives to invest in protection, anti-poaching, and habitat management, because potential benefits of conserv......Login to view full explanationLog in for full answers
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Similar Questions
Consider a public resource that is required for the production process of a firm, but its use destroys it. The profit of the firm from the usage of this resource will be 200$, but it also decreases the utility of the public by 100$. The government considers two options over the ownership rights of this resource in order to maximize welfare.
Why might some governments provide limited or no property rights to their citizens?
Why might some governments provide limited or no property rights to their citizens?
Match each of the left-hand examples to a dimension of property rights.
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