Absolute property rights exist when one individual or entity has complete control over a resource, including the right to transfer that resource to someone else
Indicate whether the statement is true or false
TRUE
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When foreign investors in Thailand began to realize that Thailand could not maintain its peg to the dollar indefinitely, they began to ________ in Thailand and exchange ________. This change in investment by foreigners is termed capital flight
A) purchase more investments; dollars for baht to purchase these investments B) sell off their investments; the dollars they received for baht C) purchase more investments; baht for dollars to purchase these investments D) sell off their investments; the baht they received for dollars
Suppose that Canada decides to peg its dollar ($C, or the loonie) to the U.S. dollar at an exchange rate of $C1 = $US1. What might the U.S. Federal Reserve do to offset the macroeconomic effect of the leftward shift in the U.S. IS curve?
A) It would increase the money supply. B) It would decrease the money supply. C) It would not change its monetary policy. D) It would not change its fiscal policy
In Figure 2.1, Box 1 would be labeled
A. P for price. B. S for supply. C. D for demand. D. P* for equilibrium price.
Explain the difference between the short run and the long run.
What will be an ideal response?