Author Question: Which of the following statements about the above figure is TRUE? A) Point A is equally preferred ... (Read 32 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
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

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

For a complete list of videos, visit our video library