An ordinance making it illegal for people to park commercial vehicles on the street overnight in residential areas
A) protects property rights.
B) takes away property rights.
C) protects some property rights and takes away others.
D) has nothing to do with property rights.
E) reduces negative externalities for residents of affected areas.
C
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For which of the following is demand most likely to be price inelastic?
a. lamb b. meat c. veal d. pork e. beef
When comparing the Keynesian and monetarist approaches, the only substantive difference is that
a. the Keynesian equation leads to a prediction of real GDP; the monetarist equation leads to a prediction of nominal GDP. b. Keynesians concentrate on aggregate demand and monetarists concentrate on aggregate supply. c. Keynesians approach aggregate demand by multiplying the money supply by velocity, while monetarists use the equilibrium conditions of the expenditure schedule. d. Keynesian analysis suggests that money affects consumption first while monetarist analysis suggests that money affects investment spending first.
Robert buys bonds. Rachel buys a new truck for her landscaping business. Identify both as savers, investors, both, or neither
A natural monopoly is most likely to occur in which of the following industries?
A) the pharmaceutical industry because the development and approval of new drugs through the Food and Drug Administration can take more than 10 years B) the diamond mining and marketing industry because one firm can control a key resource C) the software industry because of the importance of network externalities D) an industry where fixed costs are very large relative to variable costs