The factor that leads to underpricing and overuse of an economic resource is
a. human greed and selfishness.
b. capital markets.
c. the lack of an enforceable property right.
d. the lack of understanding of pollution and its effects.
c
Economics
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In general, demand curves for luxuries tend to be price elastic
a. True b. False Indicate whether the statement is true or false
Economics
When an employer pays the cost of educating a worker, it is likely that the employer
a. is demonstrating altruistic motives. b. is pursuing some objective other than profit-maximization. c. hopes to recapture his investment in the form of increased labor productivity. d. receives reimbursement from the government for the cost of the education.
Economics