The economist Hernando de Soto extensively studied:
a. the problem of scarcity.
b. opportunity costs.
c. insecure property rights.
d. economic freedom in rich countries.
e. the sources of comparative advantage in trade.
c
You might also like to view...
Mode income is
A) the most common income. B) the average income. C) the middle income level. D) the same as money income.
As a consumer consumes more and more of a product in a particular time period, eventually marginal utility
A) fluctuates. B) rises. C) is constant. D) declines.
When state and local governments provide public schools with a per-unit subsidy to provide educational services, the price that the schools providing these services receive is
A) less than the price that consumers pay to receive educational services. B) less than the amount of the per-unit subsidy that the schools receive. C) greater than the market clearing price without the subsidy. D) equal to zero.
A country's financial account balance decreases if
A. foreigners increase their purchases of its existing assets. B. its current account balance increases. C. its income payment inflows on foreign assets decrease. D. its domestic residents working abroad reduce the income they send home to their families.