Is it possible to proactively prevent armed conflict in developing countries?
What will be an ideal response?
Adequate investment in well-functioning institutions, both legal and economic; and, global and regional actors who can play an important role of facilitator of conflicts and can reduce the incentive to engage in conflict. Detailed discussion on page 757–766 of the text.
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At $30 each, Jack will buy 1 Blu-ray and at $25, he will purchase 2 . If the price is $25, Jack's consumer surplus is: a. $5
b. $10. c. $15. d. $20.
Why are property rights so important for markets?
A. Property rights allow companies to have a monopoly. B. Without property rights there are few incentives to improve, create, or build something, because you cannot legally trade it. C. Property rights force others to pay you more for the good or service. D. Those who have property rights are more likely to create more because they will get more money in the market.