Property rights can be defined and enforced
a. only by the government
b. only by ethical norms
c. by the government and by ethical norms
d. only through constant renegotiation
e. by government, by informal social actions, and by ethical norms
E
You might also like to view...
M1 is larger than M2
Indicate whether the statement is true or false
Why might the money price for something be higher than the opportunity cost? Why might it be lower? Give an example of each to illustrate your answer
The purchasing power of the Zimbabwean dollar:
A. rose because when inflation rises, purchasing power rises. B. fell because there was more money chasing the same goods. C. rose because the money supply rose but real output did not. D. fell because people would not accept the newly-printed money.
Exhibit 1A-4 Straight line
Straight line A-D in Exhibit 1A-4 shows that:
A. as the X value increases by 80, the Y value increases by 40 so the slope is 2. B. as the Y value increases by 40, the X value increases by 80 so the slope is 1/2. C. increasing values for X do not affect the value of Y. D. increasing values for Y do not affect the value of X.