Which of the following accurately describes condemnation by right of eminent domain?
(a) It involves the redistribution of property first owned by the government to private businesses.
(b) It was never exercised for such private purposes as acquiring land for canal or railroad construction during the antebellum period.
(c) The benefits can be diverse and the costs can be concentrated.
(d) It was never exercised by the federal government before the 1870s.
(c)
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Given the broadest interpretation of technology, technology will include which of the following?
A) how well firms are run B) the organization and sophistication of markets C) the political environment D) the list of blueprints defining the types of products and the techniques available to produce them E) all of the above
Hold Jared's preferences for pizza and Pepsi constant. Suppose Jared's income, as well as the prices of pizza and Pepsi, double. As a result,
a. both Jared's indifference curves and his budget constraint change. b. Jared's indifference curves change, but his budget constraint does not change. c. Jared's budget constraint changes, but his indifference curves do not change. d. neither Jared's indifference curves nor his budget constraint change.