The U.S. legal system mainly engages in activities that
A) are dedicated to producing private goods.
B) focus on income redistribution.
C) involve defining and protecting property rights.
D) focus on producing public goods.
Answer: C
You might also like to view...
Hyperinflation refers to a period of extremely erratic inflation rates
a. True b. False Indicate whether the statement is true or false
For the law of diminishing returns to be present, we must have:
A. at least one factor of production to be fixed. B. output decreasing as more laborers are hired. C. the price of labor increasing as more workers are hired. D. simultaneous changes in labor and capital.
The price system works in an economy on a day-to-day basis to match the desires of consumers with the output from producers.
Answer the following statement true (T) or false (F)
Per capita output is a measure of economic welfare of a country.
Answer the following statement true (T) or false (F)