If property rights are not enforced in a country
A) that country will grow more rapidly because of the reduction of law suits.
B) that country's growth rate will not be affected.
C) entrepreneurs are unlikely to risk their own funds investing in such an economy.
D) the market system will still work smoothly.
C
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A beekeeper decides to locate her business on a plot of land that lies between an apple orchard and an elementary school. Which of the following is a positive externality that can result from the business?
a. The cost of the beehives to the beekeeper b. The possibility of the bees stinging the students at the school c. The bees helping to pollinate the orchard, leading to more fruit production d. The honey that is produced by the bees
Define the following terms and explain their importance to the study of economics. a. Greenhouse gases b. Externality c. Emissions permits d. Known reserves
What will be an ideal response?
The Microsoft Corporation was sued by the government for all but which one of the following antitrust violations?
A. Stealing competitors' secrets. B. Discouraging computer manufacturers from installing any operating system other than Microsoft's. C. Buying out potential competitors. D. Bundling software.
The horizontal axis for an aggregate demand curve measures
A. real Gross Domestic Product (GDP). B. disposable personal income. C. quantity demanded of the representative good. D. output of all goods and services measured as a quantity index.