Author Question: If you must make a choice about consuming two apples, three oranges, or one candy bar, the ... (Read 72 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the two apples is the candy bar plus the three oranges.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is false?
 a. Property rights provide the rules of the economic game.
 b. Well defined property rights give individuals the incentive to use their property efficiently.
  c. Owners with property rights have an incentive to conserve their property.
 d. Owners have no incentive to care what values others place on what they own.



vseab

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

False

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

For a complete list of videos, visit our video library