__________ rights refer to the range of laws, rules, and regulations that define rights for the use and transfer of resources
A) Individual
B) Constitutional
C) Property
D) Economic
E) none of the above
C
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Refer to Figure 5-2. The private profit-maximizing quantity for the firm is
A) Qa. B) Qb - Qd. C) Qb. D) Qd.
The "nonconvergence" problem with the Solow growth model is that
A) a higher return to capital in poor countries should essentially cause all nations to have roughly the same standard of living, yet they clearly do not. B) if a disturbance dislodges an economy from the steady-state point, it continues moving further from that point indefinitely. C) technological change is assumed to just "drop from the sky." D) a rise in the rate of national saving does not raise the growth rate of real GDP per person.
An individual labor-supply curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. the decisions of all workers around how many hours to work at each alternative wage. C. a firm's decisions around how many hours to hire at each alternative wage. D. the decisions of all firms around how many hours to work at each alternative wage.
Under a per se approach to the antitrust laws,
a. the government must prove some anticompetitive outcome from the act b. large size alone can be an antitrust violation c. the action will pass antitrust scrutiny if it is shown to be reasonable d. the only real question is whether the prices charged are reasonable e. the courts have ruled antitrust laws unconstitutional