Katy Perry's latest album is protected from other artists using her lyrics because of:

A. Specialization
B. Opportunity costs
C. Property rights
D. Incentives

Answer: C

Economics

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Which of the following is an example of an automatic stabilizer?

A) Congress increases the tax rate during an expansion. B) Congress authorizes spending increases during a recession. C) More unemployment benefits are paid during a recession. D) Welfare payments decrease during a recession.

Economics

In a two-country, two-product world, the statement "Germany enjoys a comparative advantage over France in autos relative to ships" is equivalent to

A) France having a comparative advantage over Germany in ships. B) France having a comparative disadvantage compared to Germany in autos and ships. C) Germany having a comparative advantage over France in autos and ships. D) France having no comparative advantage over Germany. E) France should produce autos.

Economics