Property rights are useful in predicting behavior when we define ownership of a resource as
A) a moral claim to a particular resource.
B) legal title to the resource.
C) physical possession of the resource.
D) the ability to appropriate the benefits from use of a resource.
D
Economics
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Picture the curve. The total revenue curve originates at the origin
Indicate whether the statement is true or false
Economics
Which of the following is an example of direct foreign investment?
A. A foreign citizen travels to the United States as a tourist, spending money in the United States on various goods and services. B. The German-owned BMW company builds an assembly plant near Greenville, SC. C. A foreign citizen buys a share of stock in Ford. D. A foreign citizen lends money to General Motors by buying a GM bond.
Economics