Insecure property rights induce owners of productive assets to
A) discount expected income from their ownership at a very low rate.
B) place a higher value on those assets if they want to sell them.
C) use those assets more cautiously to reduce depreciation.
D) do all of the above.
E) do none of the above.
E
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The opportunity cost of going to college
A) is zero if your parents pay your tuition. B) includes wages you lose by going to school instead of working. C) is equal to the cost of tuition, room and board, and other expenses. D) is the same for all students at a particular school who pay full tuition.
The United States has a trade ________ with all its major trading partners and a trade ________ with every region of the world except for Latin America
A) deficit; deficit B) deficit; surplus C) deficit; balance D) surplus; deficit E) surplus; surplus
A severe freeze has once again damaged the Florida orange crop. The impact on the market for oranges will be a leftward shift in
a. demand as consumers try to economize because of the shortage. b. both the supply and demand curves. c. the supply curve. d. the supply curve and a rightward shift in the demand curve, which will result in a higher price.
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. M2 money supply to remain the same. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to fall.