Common property ownership without granting property rights to individuals will likely leads to
A. production at a rate at which price is less than social cost.
B. more social justice.
C. an efficient allocation of resources.
D. an increase of externalities.
Answer: D
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As long as marginal cost is less than average variable cost:
a. both average total costs and average variable costs will be falling. b. average total costs will be falling but average costs may be rising or falling. c. average fixed costs are rising. d. average total costs are falling but average fixed costs may be rising.
Which of the following financial assets is most likely to have the chance of a higher rate of return than the others?
A. Mutual funds B. Savings accounts C. Bonds D. Stocks
If a nation's exports are $55 billion, while its imports are $50 billion, we can conclude with certainty that this nation is experiencing a
A. balance of trade surplus. B. balance of payments surplus. C. positive balance on current account. D. positive balance on capital account.
A bank advertises a very competitive loan interest rate. Explain what measures the bank can take to address adverse selection.
What will be an ideal response?