In which of the following cases was the inflation rate 12 percent over the last year?

Monopolies are sometimes more technologically efficient than perfectly competitive markets

a. True. b. False.

Given your knowledge of the incentives created by private ownership, which of the following would you expect to be false?

a. People will take better care of their own personal automobile than they will a rental car. b. People will take better care of a home they own than they will of a home they rent. c. Property owned privately will tend to be better conserved and kept than public property or property owned in common. d. People will be more likely to throw trash out onto their own lawn than they will be to throw it out onto the side of an interstate highway.