Property rights includes 3 elements:
What will be an ideal response?
-Rights to exclusive use of property
-Legal protection
-Right to transfer, sell, exchange, or mortgage the property
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You should invest if a new project if
A) the NPV is equal to 1. B) the NPV is positive. C) the NPV is equal to the discount rate. D) none of these choices.
Which of the following is a possible justification for restricting trade? a. Restricting trade decreases domestic production
b. Restricting trade increases domestic unemployment. c. Restricting trade ensures lower domestic wages. d. Restricting trade protects domestic production.
From 1978 to 1995, the rate of growth of output per worker in China appears to be
A) the result of capital accumulation. B) the result of technological progress. C) the result of trade barriers. D) equal to that of the United States. E) none of the above
Traditionally, the Fed often communicated its intentions to restrict or expand monetary policy by announcing a change in its target for the:
A. Prime rate B. Federal funds rate C. Discount rate D. Consumer price index