My neighbor has broken one window of my house. I have legal recourse to sue for damages because of
A. private property rights.
B. common property rights.
C. social costs.
D. transactions costs.
Answer: A
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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Refer to Scenario 1 . If Ajax can borrow at an interest rate of 5%, which projects should be considered? If Ajax can borrow at an interest rate of 11%, which projects should be considered?
What is the level of total investment if the interest rate is 10%?
Refer to Table 18-3. Given the following exchange rates in the above table, what are the exchange rates stated as U.S. dollars per Danish krone and U.S. dollars per EU euro respectively?
A) 0.02 dollars per krone and 0.70 dollars per euro B) 0.05 dollars per krone and 1.30 dollars per euro C) 2.00 dollars per krone and 7.14 dollars per euro D) 0.20 dollars per krone and 1.43 dollars per euro
Refer to the accompanying figure. It is efficient for this farmer to:
A. grow 1,000 bushels of wheat and 500 bushels of corn. B. grow 250 bushels of wheat and 500 bushels of corn. C. grow 500 bushels of wheat and 250 bushels of corn. D. grow 500 bushels of wheat and 500 bushels of corn.