Government's role of protecting property rights is considered:
A) enforcing a legal system.
B) providing certain goods and services.
C) redistributing income.
D) maintaining the money supply.
Ans: A) enforcing a legal system.
You might also like to view...
An increase in exports of goods or services with no change in imports of goods or services
A) decreases GDP. B) increases GDP. C) may increase or decrease GDP depending on whether it is the export of goods or the export of services that increased. D) has no effect on GDP.
In the above figure, which point represents an economy which is at the peak part of a business cycle?
A) point F B) point G C) point I D) point K
Which of the following is NOT necessary for a firm to engage in price discrimination?
A) The firm must be able to identify different types of buyers. B) The firm must be able to separate buyers by preventing resales from one customer to another. C) The firm must produce output for different buyers at different costs. D) The firm must sell a product that cannot be resold.
?The number of overidentifying restrictions equals the total number of exogenous variables in the system plus the total number of explanatory variables in the equation.
Answer the following statement true (T) or false (F)