Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
What will be an ideal response?
Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.
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Today, financial intermediaries specialize in all of the following activities except
(a) Printing money (b) Lending (c) Borrowing (d) Accepting deposits
A potential benefit that comes from social regulations would be
A) higher costs. B) a cleaner environment. C) higher tax collections. D) more layoffs.
Which of the following is least likely to reduce poverty?
A. Receiving aid from private charities or NGOs. B. Receiving foreign aid from rich donor countries. C. Redirecting resources within the poor nation away from the military. D. Raising taxes within the poor nation.
A country has a comparative advantage in a good if
A. It can specialize only in two goods. B. It always has an absolute advantage in the production of the good. C. It can produce more of the good than another country. D. It can produce a good at a lower opportunity cost relative to another country.