The enclosure movement in England in the 17th century represented an attempt to transform
a. a public good into a private good.
b. a private good into a public good.
c. a private good into a common resource.
d. a common resource into a private good.
d
Economics
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Relative to a perfectly competitive market with the same cost and demand, a single-price monopolist produces ________ output and has a ________ price
A) more; higher B) less; lower C) more; lower D) less; higher
Economics
Starting from an initial long-run equilibrium, under the rational expectations hypothesis, an anticipated shift to a more expansionary policy will increase:
a. prices but not real output in the short run. b. real output but not prices in the short run. c. real output in the long run but not in the short run. d. real output in both the long run and the short run.
Economics