Recall the Application about property rights, urban slums, and the role of government in a market economy to answer the following question(s).According to the Application, why would granting property rights improve property values in urban slums around the world?
A. granting ownership increases investment in non-movable structures
B. granting property rights encourage housing repairs
C. granting property rights encourage regular maintenance
D. All of these are correct.
Answer: D
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If the private sector is not willing to purchase government bonds being issued to finance a deficit, and the government's only option is to print more money, then this will likely cause
A) a lower dollar value. B) inflation. C) a run on borrowing. D) a weak stock market.
The pre-Keynesian or classical economic theory predicted that in the long-run the economy would experience:
a. long periods of high unemployment. b. rising rates of inflation. c. only temporary periods of high unemployment. d. idle factors of production.
You are thinking of buying a 10-year bond on the secondary bond market. The face value of the bond is $10,000 . the interest rate is 5 percent (0.05) per year, and the bond was issued exactly eight years ago. What is the value of the bond today?
a. $5,295.43 b. $9,070.30 c. $10,000.00 d. $20,000.00 e. $100,000.00
In this graph
A. saving is negative at all levels of disposable income.
B. saving is negative when disposable income is below 2000.
C. saving is negative when disposable income equals 2000.
D. saving is negative when disposable income is above 2000.