Question

Consider the following problems: overcrowded public highways, overfishing in the ocean, polluted air, and the near-extinction of the wild rhinoceros. What do these problems have in common? Select one: a. Private markets could easily solve them if governments left the markets alone. b. They would all go away if the government sponsored an intensive public-information campaign. c. They are all the result of a failure to establish clear property rights over something of value. d. They are all the result of a failure of corrective taxes.

Answer 1

All the given problems are the result of a failure to establish clear property rights over something of value.

Option: C

Explanation:

All the problems whether related to socio-economic and environment clearly denotes failure of human and environmental property rights.

• Over crowded public highways (lack and failure of traffic rules)
• polluted air (non-implementation of prevention of pollution act)
• lack of proper care and maintenance towards endangered and vulnerable species (one horn rhinoceros).

All the above problems arise due to lack of awareness of public and government. It should be our basic concern to protect our socio-cultural and man -environment relationship.