In a world lacking property rights, it would be ________ to realize the gains from trade and there would be ________ specialization

A) easier; less
B) easier; more
C) harder; less
D) harder; more


C

Economics

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State enforcement of OSHA requirements appears to have been more effective than federal enforcement

Indicate whether the statement is true or false

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The natural rate of unemployment is defined as the unemployment rate that exists in the absence of:

a. structural unemployment. b. frictional unemployment. c. cyclical unemployment. d. seasonal unemployment. e. inflation.

Economics

Total revenues reach a maximum when

A) demand is elastic. B) demand is inelastic. C) demand is unit-elastic. D) price elasticity is at a minimum.

Economics

A monopolistically competitive firm influences market price because of product differentiation.

Answer the following statement true (T) or false (F)

Economics