Which of the following functions of government gives property owners the incentive to use their property efficiently?
A. making sure that courts are lenient on people who steal private property
B. the enforcement of antitrust legislation
C. the protection of property rights
D. the financing of public goods
Answer: C
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Between 1850 and 1860 the prices of slaves ____ than the price of cotton
a. increased more b. decreased more c. increased less d. decreased less
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Saving differs from savings in that
A. saving is a flow while savings is a stock. B. saving is both a flow and a stock while savings is a stock. C. saving is a stock while savings is a flow. D. saving is a stock while savings is both a flow and a stock.
Relative to when a patient has first-dollar medical insurance, the loss in total economic surplus would be smaller if:
A. medical care providers had to pay the full marginal cost of medical care. B. the patient had to pay at least some of the marginal cost of medical care. C. the patient had to pay less of the marginal cost of medical care. D. medical care providers had to pay more of the marginal cost of medical care.