Joe has broken the mirror of my car. I have legal recourse to sue for damages because of
A) social costs.
B) transactions costs.
C) common property rights.
D) private property rights.
D
You might also like to view...
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
If both the real interest rate and the nominal interest rate are 3%, then the
A. inflation premium also is 3 percent. B. inflation premium is zero. C. real GDP must exceed the nominal GDP. D. nominal GDP must exceed the real GDP.
According to Lucas' misperception theory, countries with higher rates of inflation should have a _____new classical AS curve
a. flatter. b. steeper. c. downward sloping d. vertical. e. none of the above.
The cross price elasticity of demand is measured by the
A. percentage change in the price of one good divided by the percentage change in the demand for another good. B. percentage change in the quantity demanded of one good divided by the percentage change in quantity demanded of another good. C. percentage change in the demand for one good divided by the percentage change in price of another good. D. percentage change in the price of one good divided by the percentage change in price of another good.