Compare a property rights system in which people are allowed to keep one-third of the monetary rewards of their labor with a system in which they keep two-thirds. We should expect harder work under the __________ system and less risk taking under the __________ system
A) former; former
B) former; latter
C) latter; former
D) latter; latter
C
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How many of the 95 deterrence studies reviewed by economics professor Bijou Yang and psychology professor David Lester found a deterrent effect of capital punishment?
Refer to the above graph. The monopolist's profits:
A. will be equal to the area P1P3AC. B. will be equal to the area P1P3AE. C. will be equal to the area P2P3B. D. cannot be determined from the information given.
What is the difference between a price ceiling and a price floor? Compared to the competitive equilibrium price, where must price ceilings and price floors be set to have an effect on the market
What will be an ideal response?
In the early 2000s, Ecuador replaced its currency, the sucre, with the U.S. dollar as its official currency. What will no longer be possible for the government of Ecuador?
A. Financing government deficits by borrowing in the financial markets. B. Running a balance of payments deficit on the capital account. C. Running a balance of payments deficit on the current account. D. Financing government deficits by printing money.