Which of the following statements is true?
A) An individual with property rights is likely to have lower productivity than an individual without property rights.
B) Inclusive institutions do not support the provision of property rights to society and hence foster economic prosperity.
C) Productivity of individuals is likely to be independent of the availability of property rights.
D) An individual with property rights is likely to have higher productivity than an individual without property rights.
D
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Refer to the scenario above. Which of the following is true of the demand curve of the product in the price range of $4 to $5?
A) The demand curve is elastic. B) The demand curve is inelastic. C) The demand curve is horizontal. D) The demand curve is upward sloping.
Indifference curves for perfect substitutes must be parallel lines with a slope of negative one
Indicate whether the statement is true or false