___________________________—a term referring to the rights of individuals to enter into agreements with others regarding the use of their property providing recourse through the legal system in the event of noncompliance.
a. Property rights
b. Rule of law
c. Contractual rights
d. Compliance rights
c. Contractual rights
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The U.S. did not lapse back into a depression after World War II ended for all of the following reasons EXCEPT
A. a larger role taken on by the federal government. B. pent up demand for housing and automobiles. C. government programs that aided the trend toward suburbanization. D. a return to laissez-faire economic policies.
How does a reduction in the money supply by the Fed make owning stocks less attractive?
Our natural unemployment rate is most closely related to
A. frictional unemployment. B. seasonal unemployment. C. structural unemployment. D. full employment.
Marty's Bird House suffers a short-run loss. Marty can reduce his loss below the amount of his total fixed costs by continuing to produce if his revenue
A) exceeds his implicit costs. B) exceeds his nonmonetary opportunity costs. C) exceeds his variable costs. D) exceeds his marginal costs.