Sudden and extensive changes in property rights make social cooperation less effective by
A) encouraging excessively conservative attitudes.
B) inducing people to save for the future rather than spending now.
C) making planning more difficult.
D) reducing the power of government to manage the economy.
C
Economics
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At the beginning of the year, Tom's Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's gross investment for the year totaled
A) 1 machine. B) 2 machines. C) 3 machines. D) 6 machines.
Economics
The standard cut-off for cost per QALY is
a. equal to per capita income b. 2 times per capita income c. 3 times per capita income d. 4 times per capita income e. 5 times per capita income
Economics