Which of the following statements is true?
A) An individual with property rights is likely to have lower productivity than an individual without property rights.
B) Inclusive institutions do not support the provision of property rights to society and hence foster economic prosperity.
C) Productivity of individuals is likely to be independent of the availability of property rights.
D) An individual with property rights is likely to have higher productivity than an individual without property rights.
D
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Samsung provides a warranty for all goods it manufactures to indicate that these goods are of high quality. This is an example of ________
A) hedging B) signaling C) internalizing an externality D) sniping
Suppose you are accepted to all of the three business schools to which you applied. Consider all the factors that could matter when it comes to choosing a business school
a. How would you go about making an optimal decision about which school to attend? b. Suppose you have to give up a job that pays you $40,000 a year to attend business school. How would this affect your calculations of which business school to attend?
If the prices of financial assets follow a random walk, then
A) they should be easy to forecast, provided market participants have rational expectations. B) they should be easy to forecast, provided market participants have adaptive expectations. C) the change in price from one trading period to the next is not predictable. D) major traders in the market must not be making use of all available information about the assets.
It is Valentine's Day and Jason is desperately looking all over town for a dozen roses to give to Judy. Most likely, Jason's price elasticity of demand is:
a. infinitely large. b. negative. c. equal to one. d. greater than one. e. less than one.