Inclusive property rights provide an investor:
a. more options and greater incentives to avoid inefficient choices.
b. an insight to future earnings and revenue generation.
c. a definite return on the investment.
d. cost effective techniques of production leading to economies of scale.
A
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An economist is unlikely to be hired to do research about the following?
A. Oil prices. B. Election outcomes C. Interest rate D. Inflation rates E. Unemployment
The decision not to acquire information because the cost of acquiring the information exceeds the expected benefit from the information is known as
A) rational ignorance. B) the principle of minimum differentiation. C) public choice theory. D) inefficient provision.
How do auctions help in price discovery?
What will be an ideal response?
Which of the following is an example of a public good?
A) a movie ticket B) a cup of coffee C) books at a public library D) a railroad sign