Railroad competition was the primary cause of canal failures
Indicate whether the statement is true or false
False
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Common property resources include:
A. movies. B. fast food. C. oceans. D. professional baseball games.
Fishermen on the East Coast are using lobster traps out of which most of the lobsters that enter can escape. Why?
A) It will make over-fishing less likely. B) They can't come up with better traps. C) They are not educated enough to maximize profit. D) They catch more lobsters this way.
A patent is a property right, which gives the owner
A) the right to sell and/or license the invention. B) the ability to make the knowledge of how to make the invention rival. C) a guaranteed profit. D) All of the above.
Diversification
A) maximizes risk. B) maximizes profit. C) minimizes risk. D) minimizes costs.