Common property
A) is owned by everyone.
B) is owned by no one.
C) Neither A nor B are correct.
D) Both A and B are correct.
Answer: D
You might also like to view...
Which of the following geographic regions is expected to experience the largest percentage increase in its population between 2003 and 2050?
(a) Asia and Oceania. (b) Latin America. (c) North America. (d) Africa.
During the late 1990s, the rapid advancement of computing and internet applications increased the remuneration received by computer engineers significantly above that of civil or mechanical engineers. This wage differential was created by: a. a labor union
b. efficiency wages. c. labor shortages. d. discrimination.
Which of the following would be most likely to cause the per capita income of less-developed countries to rise?
A. development of strong labor unions B. more rapid population growth C. investment expenditures that enhance the human capital of labor force participants D. an international minimum wage law
The profit-maximizing and the least-cost combination of inputs are:
A. the result of unrelated decisions. B. always identical. C. such that the minimization of costs always results in profit maximization. D. such that the maximization of profits always entails the least-cost combination of inputs.