Quiz 2.2 Barbed Wire

Question 1

You are a wheat farmer without a fence and your neighbor’s cattle roam into your field ruining a portion of your crop. This situation is an example of:

Answer 1

externality

Question 2

Barbed wire tended to benefit ranchers and harm farmers

Answer 2

False

Question 3

Under the English Common Law, damage done by livestock was the responsibility of the livestock owner.

Answer 3

True

Question 4

One reason barbed wire was such an important invention was there were so few fencing materials (such as wood) in the Great Plains region. Barbed wire was cheaper and more accessible than other fencing alternatives.

Answer 4

True