To a bank, an asset is an obligation that it owes to someone else

The property rights people actually possess

A) are limited to the rights sanctioned by law. B) are the rights they can exercise regardless of what others do. C) are the similar rights they grant other because all rights in a society must be mutual. D) depend heavily on the cooperation of other people.

In the table above, if the cost of capital is $20 per day and an hour of labor is $15 per day, which method is economically efficient?

A) A B) B C) C D) D