Government's role of protecting property rights is considered:
A) enforcing a legal system.
B) providing certain goods and services.
C) redistributing income.
D) maintaining the money supply.
Ans: A) enforcing a legal system.
Economics
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Shoe-leather costs of inflation arise from the
A) increasing costs of apparel (clothes and shoes) as inflation rises. B) decline in the use of money as a unit of account. C) increase of velocity as inflation rises. D) confusion that results from higher inflation. E) increasing costs of agricultural products as inflation rises.
Economics
Between 1830 and 1860, the number of miles of railroad in operation increased by
a. roughly 100 percent. b. roughly 500 percent. c. roughly 750 percent. d. over 1000 percent.
Economics