Property rights are well established for
a. private goods.
b. public goods.
c. common resources.
d. both (b) and (c).
a
Economics
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Define the efficient scale of production. For the situation of a firm in monopolistic competition, discuss its excess capacity
What will be an ideal response?
Economics
An increase in the money supply will
A) decrease the quantity of money held at every interest rate. B) increase the quantity of money held at every interest rate. C) shift the LM curve leftward. D) None of the above.
Economics
If Sally decides to go to the boxing match, what is Sam's best response
a. Go to the ballet b. Go to the boxing match c. Run away d. Hide
Economics
Which of the following are explanations for sticky prices?
a. long-term labor contracts b. fixed exchange rates c. flexible exchange rates d. fixed money supply
Economics