The laws relating to trespass, the use of airspace and unobstructed view tell us what about property rights definition in the United States?
A. The laws vary depending on information costs and enforcement costs.
B. The laws are not absolute in protecting a property owner from intrusion.
C. The laws rely on cost-benefit analysis to arrive at efficient outcomes.
D. Property laws involve all of these considerations.
Answer: D
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Currently in the United States, banks count as their reserves
A) only the currency in their vault. B) the currency in their vault plus their holding of Treasury securities. C) only their holding of Treasury securities. D) their liabilities against which they pay no interest. E) the currency in their vault plus their deposits at the Federal Reserve.
Which statement best describes the two issues economists face when comparing the GDP of different nations?
a. The two issues economists face when comparing the GDP of different nations are natural resources and population. b. The two issues economists face when comparing the GDP of different nations are natural resources and tax codes. c. The two issues economists face when comparing the GDP of different nations are currency and natural resources. d. The two issues economists face when comparing the GDP of different nations are currency and population.
A computer manufacturer sells 1,000 units per month at $500 each. A price cut to $400 is being considered. His marginal cost is constant at $300 per unit. To maintain profits, quantity sold must increase to at least
a. 1,500. b. 2,000. c. 2,500. d. 3,000.
Of the dozens of studies that study the effect on wages, most of the studies show that immigration decreases the wages of
A. native workers with low levels of education. B. native PhD holders. C. foreign PhD holders in the U.S. D. college students.