The government enforces property rights by
a. requiring property owners to pay property taxes.
b. providing police and courts.
c. forcing people to own property.
d. providing public parks and recreation facilities.
b
You might also like to view...
When the price of a good increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity supplied of loanable funds ______
a. decreases, decreases, decreases b. increases, decreases, decreases c. increases, decreases, increases d. decreases, increases, increases e. increases, increases, increases
From 1960 to about 1980 the net capital outflow of the U.S. was typically
a. small but always positive. b. small and sometimes negative and sometimes positive. c. large and positive. d. large but sometimes negative and sometimes positive.
The income velocity of money is
A. the time it takes for monetary policy to have an effect on world financial markets. B. the time lag from when the Fed decides to increase the money supply until the effect takes place. C. the number of times per year a dollar is spent on final goods and services. D. the time it takes to produce money.
Answer the following statements true (T) or false (F)
1. One basic argument for redistributing income to achieve more equality rests on the idea of maximizing the society's total utility when there is diminishing marginal utility from income. 2. The basic reason why the debate between income equality versus inequality is on-going is because there is a trade off between income equality and economic efficiency. 3. U.S. income statistics indicate that more than one-eighth of the nation lived in poverty in 2011. 4. The poverty rate in the U.S. increased significantly in the period 2007-2010. 5. The incidence of poverty is very high among the elderly (65 years or older).