Which of the following is most likely to be overconsumed due to unclear or unenforceable property rights?
A. Donuts sitting in the common study area in the dorm.
B. Cereal in your dorm room.
C. Sandwiches at the school café shop.
D. Soda in the vending machines.
Answer: A
You might also like to view...
PPF is the
A) price parity formula. B) possible production function. C) producer's preferred frontier. D) production possibilities frontier.
Based on these graphs, if a tax cut has a small effect on the SRAS but a large effect on AD, ______.
a. the price level will increase
b. RGDP will not change
c. RGDP will decrease
d. the price level will decrease
Total Revenue Product with six units of labor would be
A. $456.
B. $700.
C. $760.
D. $800.
Suppose that the consumer price index in Eastlandia rises from 150 to 159 over the past year, and that the city sets its car registration prices so that real prices stay the same. If the cost to register a car was $50 last year, how much would it cost this year, in nominal terms?
a) $50 b) $53 c) $56 d) $59