When property rights are clearly defined and enforced, private owners will
a. use their property for selfish ends because they have little or no incentive to consider the desires of others.
b. develop and direct their property toward uses that others value highly because the market will generally reward them for doing so.
c. have little or no incentive to take care of their property or conserve it for the future.
d. be unable to derive personal gain if they are sensitive to the desires of others when deciding how to use their property.
B
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ARRA involved substantial a. increases in government spending. b. decreases in government spending. c. increases in the money supply
d. decreases in the money supply.
Which of the following examples would most likely be an unintended consequence of rent control?
a. Most of the apartments in a building are vacant. b. A landlord is known for renting to people who often are considered “undesirable.” c. Most of the apartments in a building are in a deteriorated state. d. A landlord decides to put in new plumbing for an entire apartment complex.