Which of the following is most likely to be private property?
A. bees
B. farm raised shrimps
C. house flies
D. winds
Answer: B
You might also like to view...
Higher education is a ________ and assigned textbooks are ________.
A. want; wants B. want; needs C. need; wants D. need; needs
If there is an increase in government spending that is financed by issuing bonds, then
a. interest rates should rise which increases private investment. b. interest rates will remain the same unless taxes are reduced as well. c. interest rates should fall which increases private investment. d. interest rates should rise which decreases private investment. e. None of the above.
For the additive social welfare function to yield results, we must assume
A. individuals have identical utility functions. B. individuals' utility functions have diminishing marginal utility of income. C. the total amount of income available is fixed. D. all of these answer options are correct.
In the long run, the economic profits of a monopolistically competitive firm
A) will tend to be larger than in the short run. B) equal zero. C) will be the average short-run profits earned in the last five years. D) will be the same as in the short run.