When Fitness Team leased a commercial building from Land Co., it meant ______.
a. Fitness Team can use the property for a certain period of time
b. Fitness Team owns the property and can transfer possession
c. Land Co. becomes a part owner of Fitness Team
d. Land Co. gives up all ownership rights to the property
a. Fitness Team can use the property for a certain period of time
You might also like to view...
The Coase Theorem works best when who owns the property rights?
A. consumers B. government C. does not matter D. producers
Assuming an economy is already experiencing full employment, then it must produce more consumer goods and fewer capital goods if it wishes to experience greater rates of economic growth over time
a. True b. False Indicate whether the statement is true or false
Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at
a. prices at and above the equilibrium price. b. prices at and below the equilibrium price. c. prices above and below the equilibrium price, but not at the equilibrium price. d. the equilibrium price but not above or below the equilibrium price.
Suppose a firm in each of the two markets listed below were to increase its price by 15 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not?
a. cotton and soybeans b. gasoline and corn c. #2 lead pencils and college textbooks d. electricity and cable television