When there is a resource for which property rights are not well defined and there is a difference between private costs and social costs, then all but which of the following is a way to close the difference?
A) the free market system
B) taxation
C) subsidization
D) regulation
A
Economics
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The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is economically efficient?
A) T-1 B) T-2 C) T-3 D) T-4
Economics
The exchange rate increases when there is a decrease in the demand for bonds.
a. true b. false
Economics