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