Insecure property rights induce owners of productive assets to
A) discount expected income from their ownership at a very low rate.
B) place a higher value on those assets if they want to sell them.
C) use those assets more cautiously to reduce depreciation.
D) do all of the above.
E) do none of the above.
Question 2
Suppose a judge is trying to decide whether, as a matter of fact, homeowners currently possess the right to prevent airplanes from flying low over their houses. The judge's ruling is correct if his decision results in
A) a fall in the market value of the houses.
B) a rise in the market value of the house.
C) no change in the market value of the houses.
D) uncertainty about the market value of the houses.
Results from sequential study of two cohorts tested at three ages and at three different points in t
Associate’s degrees or vocational degrees can help individuals find rewarding and productive ...
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Household Income in the United States by Quintiles, 2009
Relationship Between Income per Capita and Population Growth