Which of the following is the best example of a person NOT having clear property rights?
A) a city parks worker who inherits his uncle's town house
B) a medical student who lives on campus for his first year of studies
C) a retired college professor who builds a bungalow on her oceanfront property
D) a dairy farmer who pays off the mortgage on his farm
B
Economics
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If two goods are substitutes, a decrease in the price of one will result in an increase in demand for the other.
a. true b. false
Economics
What are the benefits of bankruptcy laws that enable lenders to seize the assets of firms that default on loan contracts?
What will be an ideal response?
Economics