"Only individual members of society earn income, not society itself." This statement is most closely associated with the political philosophy of a
a. utilitarian.
b. liberal.
c. libertarian.
d. None of the above is correct.
c
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The private cost of a good or service is the cost borne by those who do not produce the good or service
Indicate whether the statement is true or false
Patents grant their owners
a. a property right to new products and production processes that they have developed. b. the exclusive right to use a newly developed process or product forever. c. the right to use resources owned by their competitors. d. an exemption from laws that prohibit price discrimination.
A social entrepreneur's central motivation in creating "for-benefit" corporations is to achieve social, not just economic, ends.
Answer the following statement true (T) or false (F)
If the price level falls but people don't feel richer because of that fall, then the AD curve would likely:
A. shift in. B. be flatter than it otherwise would be. C. be steeper than it otherwise would be. D. shift out.