If the government assigns private property rights to a common resource, then the

A) resource is under-utilized.
B) marginal private cost becomes equal to the marginal social cost.
C) government needs to set a quota to achieve efficiency.
D) None of the above answers is correct.

B

Economics

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To compare the conclusions of a model with what actually happens, historical data are entered into the model as ________

A) endogenous variables B) exogenous variables C) equations D) predictions E) policies

Economics

Among economists today, the most widely accepted cause of the Great Depression is:

A. poor economic policymaking. B. globalization. C. wild stock market speculation on Wall Street. D. Adolf Hitler's election as Chancellor of Germany.

Economics