The absence of clear property rights inhibits investment and economic growth.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In the Cournot model of oligopoly:
A. firms produce differentiated products and set their prices simultaneously. B. firms produce homogenous products and set their prices simultaneously. C. firms choose how much to produce simultaneously and the price clears the market given the total quantity produced. D. firms choose how much to produce and the price to charge simultaneously.
Which of the following is a difference between the White test and the Breusch-Pagan test?
A. The White test is used for detecting heteroskedasticty in a linear regression model while the Breusch-Pagan test is used for detecting autocorrelation. B. The White test is used for detecting autocorrelation in a linear regression model while the Breusch-Pagan test is used for detecting heteroskedasticity. . C. The number of regressors used in the White test is larger than the number of regressors used in the Breusch-Pagan test. D. The number of regressors used in the Breusch-Pagan test is larger than the number of regressors used in the White test.
If bad weather destroyed half of the current coffee crop, ceteris paribus, it would:
a. increase the demand for coffee.
b. decrease the demand for coffee.
c. increase the demand for tea
d. decrease the demand for tea.
When deciding what to use as money, one characteristic to look for is its:
A. exchange value. B. convenience. C. shape. D. intrinsic value.