"Private property" means
What will be an ideal response?
the right of property owners to do as they please with their own property within some limits
set by the rights and obligations of others.
Economics
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What does the slope of the credit supply curve imply? When do movements along a credit supply curve occur?
What will be an ideal response?
Economics
If a price decrease results in your expenditure on a good decreasing, your demand must be
A) inelastic. B) unit. C) elastic. D) linear.
Economics
Pure private goods are nonrival in consumption.
A. True B. False C. Uncertain
Economics
When costs spill over to third parties, there is a(n)
A. negative externality. B. cost overrun. C. government subsidy. D. excessive competition.
Economics