All of following are commonly considered to be common property EXCEPT
A) spotted owls in the wild.
B) fish in an ocean.
C) pigs raised in a farm.
D) wild salmon in a river.
Answer: C
Economics
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Labor productivity is commonly measured as
A) the number of workers divided by real GDP. B) the change in real GDP divided by change in number of workers. C) nominal GDP divided by number of workers. D) real GDP divided by number of workers.
Economics
If a person had increasing marginal utility, then the decline in utility from losing $1,000 would be greater than the increase in utility from gaining $1,000
a. True b. False Indicate whether the statement is true or false
Economics