Refer to the graphs. An increase in the economy's human capital would shift curve:





A.  AB to CD and curve Y to X.

B.  CD to AB and curve X to Y.

C.  X to Y while leaving curve AB in place.

D.  AB to CD and curve X to Y.

D.  AB to CD and curve X to Y.

Economics

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Transaction costs are likely to be ________ when property rights are ________ clearly defined

A) lower ; less B) higher; more C) lower; more D) Trick question: there is no causal relationship between transaction costs and property rights.

Economics

What two conditions are met when a consumer is maximizing utility?

What will be an ideal response?

Economics