Property rights to resource uses are assigned to owners of the firm to avoid
A) hold-up problems.
B) externalities.
C) value creation.
D) normal profits to the company as a whole.
A
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
If the marginal propensity to consume (MPC) is 0.75, the value of the spending multiplier is:
a. 0. b. 1. c. 4. d. 5.
In 2011, state and local government education spending was more than five times highway spending
a. True b. False Indicate whether the statement is true or false
The average propensity to save is
A. real consumption/real disposable income. B. change in real consumption/change in real disposable income. C. real saving/real disposable income. D. change in real saving/change in real disposable income.