The economist Hernando de Soto extensively studied:
a. the problem of scarcity.
b. opportunity costs.
c. insecure property rights.
d. economic freedom in rich countries.
e. the sources of comparative advantage in trade.
c
You might also like to view...
Mutually beneficial trade is possible when the terms of trade are
A. between the seller's and buyer's opportunity cost. B. above the seller's opportunity cost and above the buyer's opportunity cost. C. between the seller's and buyer's general behavior. D. below the seller's opportunity cost and above the buyer's opportunity cost.
The normal level of unemployment that persists in an economy in the long run is:
A. also called the equilibrium rate of underemployment. B. zero when the market is equilibrium. C. always achieved in the real world. D. called the natural rate of unemployment.
In the early 2000s, analysts feared that low academic achievement in math in the United States may reduce U.S. economic growth by as much as half a percentage point per year. In terms of factors leading to growth, the low math scores indicate that the United States may be at a growing disadvantage in terms of:
A. human capital. B. growth-compatible institutions. C. technology. D. social capital.
An example of an effective price ceiling would be the government setting the price of wheat at ________ per bushel when the market price is at $4.25 per bushel.
A. $3.75 B. $4.25 C. $7.75 D. $12.00