Use the economic way of thinking to complete the following statement: An entrepreneur who owns his own building
A) enjoys the building as a free good.
B) sacrifices rental income he could have been earned on the building.
C) enjoys lower costs than other entrepreneurs who choose to rent buildings from others.
D) enjoys larger economic profits compared to other entrepreneurs who choose to rent buildings from others.
B
Economics
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According to public choice theory, a voter will favour a candidate whose political program is
a) favoured by the median voter b) perceived by the voter to be in his self-interest c) closest to efficiency d) all of the above
Economics
"Complete" crowding out of fiscal policy occurs when the
A) LM curve is horizontal. B) LM curve is upward-sloping. C) LM curve is vertical. D) IS curve is vertical.
Economics