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Author Question: Which of the following statements about the above figure is TRUE? A) Point A is equally preferred ... (Read 28 times)

Jkov05

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on: Jun 29, 2018
Which of the following statements about the above figure is TRUE?
 
  A) Point A is equally preferred to point C.
  B) Point B is equally preferred to point C.
  C) Point C is preferred to point A.
  D) Point A is preferred to point C.

Question 2

If property rights are not clearly defined and enforced, then
 
  A) incentives for specialization based on comparative advantage are weakened.
  B) some potential gains from specialization and trade are lost.
  C) resources are devoted to protecting possessions rather than to production.
  D) All of the above answers are correct.


Brenm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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