The economic explanation that is given by Nobel laureate economist Ronald Coase for why community property is polluted more often than private property is that
A. people ignore what is not right in front of them.
B. damaging private property indirectly affects individuals' wealth, whereas damaging community property directly affects their wealth.
C. people are not made aware of their actions toward community property.
D. damaging community property indirectly affects individuals' wealth, whereas damaging private property directly affects their wealth.
Answer: D
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The account that records changes in the U.S. government's holdings of foreign currency is the
A) capital and financial account. B) official settlements account. C) current account. D) U.S. official reserves account.
In some financial situations, people have a tendency to hold on to their money. Which of the following are the accurate coordinates for this type of situation?
a. i2 moves down and M2 moves to the left
b. i1 moves up and M2 moves to the left
c. i2 moves up and M1 moves to the left
d. i2 moves down and M1 moves to the right