Individuals in countries with __________ often spend considerable time trying to secure resources from others
a. free riders
b. no criminal law
c. poorly defined property rights
d. side payments
e. Pareto efficiency
C
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The __________ is a regulator of financial markets
A) Comptroller of the Currency B) Commodities Futures Trading Commission C) FDIC D) Federal Reserve
Which of the following are endogenous variables within the classical model?
a. output b. technology c. quantity of money d. level of capital e. a, b, and d
Which one of the statements is true? a. Diminishing returns is a long-run concept while decreasing returns to scale is a short-run concept
b. Diminishing returns is a short-run concept while decreasing returns to scale is a long-run concept. c. Diminishing returns is a both short and long-run concept while decreasing returns to scale is a short-run concept. d. Diminishing returns is a long-run concept while decreasing returns to scale is a short and long-run concept.
Which of the following countries has the second highest population in the world?
A) Indonesia B) Russia C) India D) China