Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the plaintiff wins. Under this contract,
A) production efficiency cannot be achieved.
B) the client bears all of the risk.
C) the lawyer bears all of the risk.
D) the risk is shared.
D
Economics
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When Ford decides to increase production of hybrid cars, it directly answers the ________ question
A) what B) how C) for whom D) where E) why
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If property rights are not enforced in a country
A) that country will grow more rapidly because of the reduction of law suits. B) that country's growth rate will not be affected. C) entrepreneurs are unlikely to risk their own funds investing in such an economy. D) the market system will still work smoothly.
Economics