Establishing property rights to cattle on the Great Plains is possible because _____
A)long-run economic considerations outweigh short-run considerations.
B)global economic considerations outweigh domestic considerations.
C)private property rights can be enforced by using barbed wire to fence the range.
D)the value of the jobs created by cattle ranching exceeds the cost to society.
E)there are no property rights on the Great Plains.

Question

Quizplus · Accepted Answer

Private property rights can be enforced by using barbed wire to fence the range, which allows cattle owners to establish boundaries and prevent their animals from wandering onto other land. This creates a system of property rights that can be enforced and allows for the sustainable use of resources.

Establishing Property Rights to Cattle on the Great Plains Is