Why do most endangered species belong to common property?
What will be an ideal response?
In contrast to private property, most endangered species are common property to which no one has a property right and thus has no vested interest in ensuring that their populations survive over time.
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The time and invested funds involved in starting a lawn-cutting business address the economic concept of
A) the marginal principle. B) the principle of diminishing returns. C) opportunity cost. D) the real-nominal principle.
When potential GDP increases, long-run aggregate supply also increases
Indicate whether the statement is true or false
Capital is a(n) ____ variable and investment is a(n) ____ variable
a. physical, financial b. stock, flow c. asset, liability d. flow, stock
The main advantage of a corporate form of organization is that
A. shareholders have unlimited liability. B. all corporate profits must be distributed as dividends. C. shareholders have limited liability. D. shareholders are not subject to double taxation.