If property rights are not enforced in a country
A) that country will grow more rapidly because of the reduction of law suits.
B) that country's growth rate will not be affected.
C) entrepreneurs are unlikely to risk their own funds investing in such an economy.
D) the market system will still work smoothly.
C
Economics
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If the firm in the figure above is unregulated, the deadweight loss will be
A) zero. B) $100. C) $200. D) $400.
Economics
Exhibit 7-14 Cost curves
In Exhibit 7-14, constant returns to scale only exist for output levels between:
A. 0 and 1,000. B. 1,000 and 2,000. C. 2,000 and 3,000. D. 3,000 and 4,000.
Economics