The owner of a productive resource is most usefully thought of as the person who
A) can appropriate the income from its use.
B) can use it most efficiently.
C) is willing to pay the most to obtain it.
D) possesses legal title.
A
Economics
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The requirement that all drivers must carry auto insurance reduces
A) moral hazard. B) the effectiveness of signaling. C) adverse selection. D) the chance of auto accidents.
Economics
Which of the following is FALSE?
a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other b. After acquiring a substitute product, raise prices on both the products c. After acquiring a complementary product, raise prices on both the products d. All of the above
Economics