According to this Application, clear property rights are important for economic growth, because without a clear title to property
A) no utilities will be available for the property.
B) the property cannot be used as collateral for loans.
C) people will not reside on the property.
D) the property has no value.
B
Economics
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If automobiles and gasoline are complements, then their cross-elasticity coefficient will be:
a. strictly greater than one. b. positive. c. equal to zero. d. negative.
Economics
An upward-sloping labor supply curve reflects the
a. higher wage rate that must be paid to meet workers' opportunity costs b. lower wage rate that is paid to meet workers' opportunity costs c. increased willingness of firms to hire the labor supplied at increasing wage rates d. fact that not all workers are equally productive e. higher marginal productivity of the additional worker supplied
Economics