Wealth creating transactions are less likely to occur

a. Without private property rights
b. Without contract enforcement
c. Both a and b
d. None of the above

d

Economics

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For a perfectly competitive firm, marginal revenue is

A) less than the price. B) greater than the price. C) equal to the price. D) equal to the change in profit from selling one more unit. E) undefined because the firm's demand curve is horizontal.

Economics

Policies to reduce the likelihood of financial crises might include ________

A) enlarging government budget deficits B) reducing imbalances in global trade and capital flows C) keeping the inflation rate near or below zero D) more aggressive use of stabilization policy E) all of the above

Economics