Private property rights involve
A) exclusive rights to use, transfer, and exchange the property.
B) exclusive rights to use property, but not to exchange the property.
C) rights to enjoy the property in any way desired but not to transfer or exchange the property.
D) rights granted by the government for renewable terms of 100 years or more.
Answer: A
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If McDonald's, Wendy's, and Burger King agree with each other not to sell hamburgers for less than $3.95 apiece, all three could be found guilty of
A) an interlocking directorship under the Clayton Act. B) price fixing under the Sherman Act. C) a deceptive business practice under the Clayton Act. D) None of the above answers is correct.
In a fiduciary monetary system
A) coins get their value from the precious metals of which they are made. B) money gets its value from the confidence that the public has in its acceptability. C) paper currency does not have value, but balances in checking accounts do. D) checking account balances do not have value, but paper currency does.