Private property rights involve
A) exclusive rights to use, transfer, and exchange the property.
B) exclusive rights to use property, but not to exchange the property.
C) rights to enjoy the property in any way desired but not to transfer or exchange the property.
D) rights granted by the government for renewable terms of 100 years or more.
Answer: A
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The Clayton Act was passed in:
a. 1887. b. 1890. c. 1914. d. 1936. e. 1952.
In Figure 3-6, suppose D1 and S1 indicate initial conditions in the market for ice cream. Which of the following changes would tend to cause a shift from S1 to S2 in the market for ice cream?
a. an increase in the price of sugar, an ingredient used to produce ice cream b. a decrease in the price of frozen yogurt, a substitute for ice cream c. abnormally hot weather that temporarily increases consumer desire for ice cream d. a decrease in the price of milk, an ingredient used to produce ice cream
A monthly growth rate of 0.6% is an annual growth rate of:
A. 7.60% B. 7.44% C. 6.00% D. 7.20%
All else held constant, if the supply of money is increased ________.
A. the interest rates will rise B. the demand for money will increase C. investment spending will increase D. bond prices will fall