Recall the Application about property rights, urban slums, and the role of government in a market economy to answer the following question(s).According to the Application, what percentage of the world's population currently lives in urban squatter settlements and therefore has very little housing security?
A. 1%
B. 10%
C. 30%
D. 50%
Answer: B
You might also like to view...
Imagine that there are two countries, Home and Far Far Away, and that residents of each own only one asset, domestic land yielding an annual harvest of mangoes. Assume that the yield on the land is uncertain
Half the time, Home's land yields a harvest of 5,000 tons of mangoes at the same time as Far Far Away's land yields a harvest of 2,500 tons. The other half of the time the outcomes are reversed. The average for each country mango harvest is A) 2500. B) 2750. C) 3500. D) 3750. E) 3000.
Inheritance is responsible for about ________ percent of the income inequality in the United States
A) 10 B) 25 C) 40 D) 60
Because a monopolist is the sole producer in its market, it can necessarily alter the price of its good
a. by adjusting the quantity it supplies to the market. b. by changing its marginal cost. c. without affecting its average total cost. d. without affecting the quantity sold.
Technological advance is very tightly intertwined with:
A. Capital formation B. Household consumption C. Government spending D. Population growth