The authority of the government to take private property for public use, given just compensation to the owner, is known as
A) search and seizure.
B) eminent domain.
C) authoritarian capitalism.
D) internalizing an externality.
B
Economics
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The classical growth theory is that real GDP per person ______.
A. only temporarily rises and then returns to the subsistence level B. grows forever C. is constant and does not change D. increases as the population grows
Economics
The store of value does not require that money hold its value of time in terms of its purchasing power
Indicate whether the statement is true or false
Economics
A firm’s total profit is the difference between its sales and what it pays out in costs.
Answer the following statement true (T) or false (F)
Economics
Figure 8-1
Which graph in Figure 8-1 shows a typical firm’s total revenue and total cost curves?
A. (a) B. (b) C. (c) D. (d)
Economics