In 1981, in San Francisco Solano, Argentina, about 1,800 families took over a piece of wasteland. The government was able to deed 60 percent of this land to some families while the remaining part could not be deeded. The resulting houses varied greatly, based on whether the residents received title. Those who received title also behaved differently, having fewer children, and the children
experienced more education and better health. This is an example of the results from:
a. scarcity.
b. economic growth.
c. economic freedom.
d. private property rights.
e. improved quality of life.
d
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Which of the following market structures results in a deadweight loss in the long run?
a. Perfect competition and monopolistic competition b. Monopolistic competition and monopoly c. Perfect competition and monopoly d. All of these market structures lead to a deadweight loss in the long run
Although the practice of predatory pricing is a common claim in antitrust suits, some economists are skeptical of this argument because they believe
a. the evidence of its practice is nearly impossible to collect. b. predatory pricing is not a profitable business strategy. c. even though predatory pricing is a profitable business strategy, it is on balance beneficial to society. d. predatory pricing actually attracts new firms to the industry.
People supply their resources to the lowest-paying alternative, other things constant
Indicate whether the statement is true or false
Financial instruments and money share which of the following characteristics?
A. Both can function by acting as a means of payment and allow for trading of risk. B. Both can function as a means of payment and a store of value. C. Both can function as a store of value even though they do not allow for trading of risk. D. Both can function as a store of value and allow for trading of risk.