Property owned by everyone is generally referred to as
A. natural property.
B. free property.
C. common property.
D. social property.
Answer: C
You might also like to view...
When the production of a good has an external cost, the
A) marginal social cost curve lies below the marginal private cost curve. B) marginal social benefit curve lies above the marginal private benefit curve. C) equilibrium quantity in an unregulated, competitive market has a marginal social cost greater than the marginal social benefit. D) equilibrium quantity in an unregulated, competitive market has a marginal social cost less than the marginal social benefit.
A monopolist who charges a different price for each unit of the commodity sold is called:
a. a perfectly competitive monopolist. b. a natural monopolist. c. a perfectly discriminating monopolist. d. an elastic monopolist.
The time it takes for Congress to deliberate over a specific fiscal policy action is an example of
A. A multiplier conflict. B. A design problem. C. A measurement problem. D. An implementation problem.
The ____ phase of the business cycle follows a recession
a. recovery b. recession c. peak d. trough