Property owned by groups is called:
A. Shared property
B. Public property
C. Private property
D. Common property
Answer: D
You might also like to view...
Consider a competitive industry in which a "green" company uses a cleaner but costlier production method than is used by other firms. In the long run, the "green" company will:
a. earn more profit than will the typical firm in the industry. b. drive its competitors out of business. c. have economic losses and exit the industry. d. charge a higher-than-average price for its product.
A profit-maximizing firm in a perfectly competitive market will always produce a quantity of output that: a. minimizes the per-unit cost of production
b. is expected to maximize total revenue. c. maximizes the amount by which total revenue exceeds total cost. d. brings average total cost and price into equality.
How many important functions does money have in the economy?
a. eight b. one c. two d. four
Which of the following probably slowed NAFTA's effect on the wages of Mexican workers?
a. the Mexican peso crisis in which Mexico's currency fell greatly in value b. the reluctance of the U.S. government to allow guest workers c. the Iraq war d. so much illegal immigration