Decreases in net taxes, increases in the Z factors, and increases in government spending are contractionary policies.

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.

In order to maximize profit, a firm that produces its output in two plants will allocate total output between the two plants so that

A. marginal revenue for the firm is equal to the sum of the plants' marginal costs. B. marginal cost for the firm is equal to the sum of the plants' marginal costs. C. marginal cost is equal for the two plants. D. all of the above