Laws that assign owners the rights to use assets as they see fit are called
A. human rights.
B. economic rights.
C. property rights.
D. government rights.
Answer: C
Economics
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If only two people are trading their endowments and no production is possible, then the equilibrium they reach will
A) be on their contract curve. B) result in unequal marginal rates of substitution for the two people. C) result in one person being worse off than with his or her endowment. D) All of the above.
Economics
Define the reserve ratio.
What will be an ideal response?
Economics