When competition is present and private ownership rights are clearly defined and securely enforced,
a. production and trade are encouraged and plunder (taking from others) is discouraged.
b. people get ahead by helping others in exchange for income.
c. employers will have to provide prospective employees with at least as good a deal as they could get elsewhere.
d. all of the above are correct.
D
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In the figure above, in order to promote an efficient allocation of resources, the government could impose a tax equal to
A) zero. B) $250 per unit. C) $150 per unit. D) $100 per unit.
The development of money market mutual funds contributed to the growth of ________ since the money market mutual funds need to hold liquid, high-quality, short-terms assets
A) the commercial paper market B) the municipal bond market C) the corporate bond market D) the junk bond market
Kristi sells purses. Her cost is $35 per purse. On a certain day, she sells 12 purses, and her producer surplus for that day amounts to $180 . Kristi sold each purse for
a. $65. b. $50. c. $45. d. $53.
Arguably the simplest voting system is:
A. pair-wise majority voting. B. instant runoff voting. C. approval voting. D. first-past-the-post voting.