Which of the following statements identifies a key difference between condominiums and cooperative housing?
A) Condos tends to be less expensive.
B) Condo owners are not responsible for maintaining the common spaces in the building.
C) Co-op owners have more control over who can move into their building.
D) Co-op owners generally commit less time to the building governance.
C
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Which of the following explains why economists may disagree over positive issues?
a. They have different beliefs and values. b. They examine the same data to draw their conclusions. c. They need to disagree in order to publish their research findings. d. They often employ different models and statistical techniques when examining data. e. Some work only on microeconomic issues, while others focus exclusively on macroeconomic issues.
A smart phone would be considered:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.