John Maynard Keynes described economics as an easy subject at which very few excel. Which of the following is not one of the reasons Keynes gave for why so few people excel at the study of economics?
a. An economist must also be a mathematician, historian, statesman, and philosopher in some degree.
b. An economist must understand symbols and speak in words.
c. An economist must be purposeful and disinterested in a simultaneous mood.
d. An economist must understand environmental science, regulation, and political science.
d
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Refer to Figure 10.1. If Daisy does not contribute to the lighting, Luke should
A) contribute if Bo contributes. B) not contribute only if Bo does not contribute. C) not contribute regardless of what Bo decides to do. D) contribute if Bo does not contribute.
According to the authors of your text, the phrase "property rights" can be substituted with the phrase
A) "property wrongs." B) "what people think they can get away with." C) "animal rights." D) "rugged individualism." E) "free market capitalism."