According to economists, the lack of clear property rights will:
A. remove the proper incentives to invest in the future.
B. encourage more incentives to invest in the future.
C. lower the costs of investing in the future.
D. All of these are correct.
Answer: A
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A college graduate in 1972 found a job paying $7,200. The CPI was 0.418 in 1972. A college graduate in 2005 found a job paying $30,000. The CPI was 1.68 in 2005. The 1972 graduate's job paid ________ in nominal terms and ________ in real terms than the 2005 graduate's job.
A. more; more B. more; less C. less; more D. less, less
If U.S. consumers decrease their demand for German goods, this would have what effect Dif: 3 on the foreign exchange market for euros?
a. decrease in demand b. increase in demand c. no effect d. decrease in supply e. increase in supply
A cost that is unavoidable regardless of the actions of a decision maker is called
A. a sunk cost. B. a marginal cost. C. an opportunity cost. D. an incremental cost.
If the reserve ratio is 8 percent, then the money multiplier is
a. 12.5. b. 11.5. c. 13.5. d. 8.