Which of the following is the legal right of ownership that others are not allowed to infringe on without paying compensation?

Production efficiency means that

A) scarcity is no longer a problem. B) producing more of one good is possible only if the production of some other good is decreased. C) as few resources as possible are being used in production. D) producing another unit of the good has no opportunity cost.

If nominal wage rates are contractually determined and cannot change in the short run, then an unexpected increase in the inflation rate will:

a. increase business profits and reduce the unemployment rate. b. reduce both business profits and the unemployment rate. c. reduce business profits and increase the unemployment rate. d. increase both business profits and the unemployment rate. e. cause no change in business profits or the unemployment rate