Common property rights
A) increase efficiency over individual property rights.
B) enable the Coase theorem to work.
C) are responsible for the increasing success of preservation of African elephants.
D) are responsible for the increasing success of preservation of worldwide fishing resources.
E) result in faster depletion of resources than do individual property rights.
E
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When a firm's marginal productivity of an input eventually declines as the quantity of input increases, then the production is experiencing
a. Diminishing returns to scale b. Diminishing marginal product c. Increasing returns to scale d. Increasing marginal product
Americans whose jobs have been lost to free trade should, in theory:
A. leave the workforce, in the long run. B. be able to find new jobs, given time. C. have extended bouts of unemployment due to static job skills. D. gain surplus, as the income effect outweighs the price effect of their labor.
Under the aggregate expenditure model, which of the following is always equal to output?
a. aggregate demand b. aggregate expenditure c. income d. investment
If an investor's primary stock holding is currently Exxon Mobil, the purchase of which of the following stocks would provide the investor with the largest reduction in risk?
What will be an ideal response?