Economic theory suggests that if natural resources can be held as private property, then
A) conservation will be nonexistent.
B) owners will have an incentive not to abuse them.
C) natural resources will be sold off for immediate use.
D) people will simply hold them and refuse to make them available.
B
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Consider the following scenario. Initially the economy has 90 million people working, 10 million people unemployed, and 20 million people not in the labor force. Then prospects for the economy improve
Five million people who previously were not in the labor force now join the 10 million previously unemployed in looking for work. For now, the economy remains with 90 million workers. What happens to the unemployment rate?
A VAR with five variables, 4 lags and constant terms for each equation will have a total of
A) 21 coefficients. B) 100 coefficients. C) 105 coefficients. D) 84 coefficients.
The rapid movement of money across borders can easily overwhelm a country's financial markets when:
A. a country has a heavily leveraged banking system. B. the required reserves are relatively low. C. the interest rates are relatively high. D. a country is small.
Consider a labor market in equilibrium. If the demand curve shifts to the right while the supply curve shifts to the left, then the wage rate in the market will:
A. increase. B. decrease. C. remain unchanged. D. either increase or decrease or remain unchanged.