According to the text, because people in an urban-industrial society will always disagree to some extent about who ought to have which rights,
A) it is unreasonable to expect negative externalities to be completely eliminated.
B) negative externalities cannot be reduced without government coercion.
C) negative externalities should not be thought of as the consequence of disagreement over property rights.
D) there is no point in discussing the matter.
E) we must depend upon government to decide exactly what should be prohibited or commanded.
A
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In 2011, the U.S. unionization rate was:
A. 5.5 percent, down by nearly one-half of the rate in the mid-1950s. B. 14.8 percent, up by about one-fourth of the rate in the mid-1950s. C. 11.8 percent, down by more than one-half of the rate in the mid-1950s. D. 21.2 percent, down by 4 percentage points from the mid-1950s.
Which of the following scenarios fits these two graphs?
a. A farm continues to earn a profit as the market supply decreases, causing the market price to increase.
b. A farm’s economic profits return to zero as the market supply increases, causing the market price to decrease.
c. A farm’s profit plunges to a loss as the market supply decreases, causing the market price to increase.
d. A farm earns excess profits as the market supply increases, causing the market price to decrease.