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
You might also like to view...
State enforcement of OSHA requirements appears to have been more effective than federal enforcement
Indicate whether the statement is true or false
Economics
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