Private property right enforceability means that you can use the reward from your effect to?
A. Sale
B. Consumers
C. Investment
D. Help the pue
E. All
E. All
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A public good has the quality of excludability but not the quality of depletability
a. True b. False Indicate whether the statement is true or false
The cross price elasticity of demand is (mathematically) the
A. percentage change in the quantity demanded of one good divided by the price of another good. B. percentage change in the quantity supplied of one good divided by the price of another good. C. percentage change in the quantity supplied of a good divided by the price of that good. D. percentage change in the quantity demanded of a good divided by the price of that good.
What is the best measure of the value of output of an economy?
A. GDP B. GNP C. NNP D. the GDP deflator
Economics deals with
A) how to profit from the stock market. B) how to satisfy limited human wants. C) how society allocates unlimited resources. D) how individuals allocate scarce resources to satisfy unlimited human wants.