Property rights and territorial hunting rights:
a. had little bearing on the depletion of the beaver in 1700s.
b. were lacking and thereby crucial to depletion of the beaver in the 1700s.
c. could have provided incentives against overharvest of the beaver in the 1700s
d. Both b and c are correct.
e. None of the above are correct.
d. Both b and c are correct.
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When the expected inflation rate equals the actual inflation rate, the real interest rate was accurately estimated.
Answer the following statement true (T) or false (F)
A rise in domestic productivity tends to __________ domestic prices and causes the dollar to __________ relative to foreign currencies
A) raise; appreciate B) raise; depreciate C) lower; appreciate D) lower; depreciate
It is likely that ______________ has an income elasticity less than 1, and _____________ have an income elasticity more than 1.
A. coffee; sailboats B. sailboats; cars C. vacations; cell phones D. filet mignon; chicken
The velocity of money is:
A. how many times the average dollar gets spent per year. B. the number of transactions in which a typical dollar is used during a year. C. how many times on average the typical dollar changes hands in an exchange during the year. D. All of these statements are true.