Common property often results in
A) a negative externality.
B) a social benefit.
C) more efficient production of goods.
D) exclusive rights of ownership.
Answer: A
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For the recession of 2007-2009, it took ________ for real GDP to return to its cyclical peak
A) about 18 months B) about 2 year C) about 3.5 years D) almost 5 years
Anything that influences a good's price or the marginal physical product of labor will influence wages
a. True b. False Indicate whether the statement is true or false
The liquidity of an asset refers to the ability of the asset to be converted into cash.
Answer the following statement true (T) or false (F)
An investor who felt that the U.S. and world economies were about to improve, would be likely to
A) avoid investing in U.S. treasury bonds because interest rates would soon fall causing bond prices to rise. B) avoid investing in U.S. treasury bonds because interest rates would soon rise causing bond prices to fall. C) invest in U.S. treasury bonds because interest rates would soon fall causing bond prices to rise. D) invest in U.S. treasury bonds because interest rates would soon rise causing bond prices to fall.