_________ rights refer to the range of laws, rules, and regulations that define rights for the use and transfer of resources.
A) Individual
B) Constitutional
C) Property
D) Economic
E) none of the above
Answer: C) Property
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An online shoe retailer wants to introduce handling charges for purchases less than $50 . How should the retailer pose the charges to its customers to improve its chances of being well-received?
a. Introduce it separately as handling b. Lump it together with shipping costs, but don't let the customer know until they check out c. Introduce it as free above $50 d. Hide it from the customer
Suppose an economy has 90,000 employed persons and 10,000 unemployed persons, the unemployment rate is
a. 11.1% b. 10.0% c. 5.6% d. 12.5% e. 9.1%
Prices and wages tend to be:
A. flexible both upward and downward. B. inflexible both upward and downward. C. flexible downward, but inflexible upward. D. flexible upward, but inflexible downward.
A public debt that is owed to foreigners can be burdensome because
A. the payment of interest will necessarily have a deflationary effect on prices in the paying nation. B. the payment of interest will conflict with a nation's foreign aid programs. C. the payment of interest reduces the volume of goods and services available for domestic uses. D. foreign interest rates are persistently higher than domestic interest rates.