Which of the following is a listing of the types or categories of resources?
a. land, labor, and capital
b. land, labor, and education
c. land, labor, and efficiency
d. land, labor, and markets
e. land, labor, and inputs
a
Economics
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The Coase Theorem assumes
a. transactions are costless c. both (a) and (b) b. damages are accessible and measureable d. none of the above
Economics
Why is it rational for individuals to be ignorant about public goods but not about private goods?
What will be an ideal response?
Economics
What is fiscal policy, and who is responsible for fiscal policy?
What will be an ideal response?
Economics
Which is the best example of idiosyncratic risk?
A) a financial crisis B) a lawsuit because the corporation produced a faulty product C) a recession D) rising interest rates
Economics