The government protects rights in a market economy by providing _____
a. production
b. allocation
c. registration
d. courts
d
You might also like to view...
The existence of economies of scale can create ________
A) a natural monopoly B) a government monopoly C) a legal monopoly D) a market in which many firms make identical products
Which of the following is an example of active fiscal policy?
A. Income tax revenues rise in an inflationary period. B. Income tax revenues fall in a recession. C. Congress passes a major tax increase in an inflationary period. D. Unemployment benefits increase in a recession.
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC: 
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coconuts to the other island in exchange for 1,300 fish. After the trade the other island has a total of ________ coconuts and ________ fish.
A. 850; 1,200 B. 350; 1,500 C. 350; 1,200 D. 500; 1,200
Marginal benefit refers to the additional benefit that your activity provides to you
Indicate whether the statement is true or false