When no one owns a particular resource
A) property rights are clearly defined.
B) individuals have legal recourse for any damages caused to their resource.
C) no one has any incentive to consider externality spillovers associated with that resource.
D) positive externalities will arise.
Answer: C
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a. occurs when net exports are positive. b. occurs when imports are greater than exports. c. is usually accompanied by decreases in foreign investment in the U.S d. occurs when domestic investment is less than domestic saving. e. none of the above.
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