The ownership of property is not related to economic development
Indicate whether the statement is true or false
False
Economics
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You are sick and tired of your old wardrobe. You decide to donate it to a charity of your choice. Your action
a. Creates wealth by moving the clothes from lower value use to higher value use b. Destroys wealth since you lose your clothes c. Creates wealth by making you feel richer d. All of the above
Economics
The free-rider problem implies that:
A. each person will pay the full cost of the public good. B. nobody wants the public good. C. everybody will pay a portion of the cost of the public good. D. each person will try to benefit from the public good without paying for it.
Economics