Property rights are social facts because

A) they are created and enforced by government.
B) they are widely distributed throughout society.
C) they depend upon other people's acceptance of corresponding obligations.
D) they must be held in common to be effective.

C

Economics

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Refer to the figure above. What is the equilibrium wage rate if the labor demand curve is LD1 and the labor supply curve is LS1?

A) $25 B) $30 C) $20 D) $15

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Why did the interest rate volatility of the 1970s spur financial innovation?

What will be an ideal response?

Economics