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Author Question: By examining the data on the 18th century market for beaver furs, we learn an important economic ... (Read 70 times)

Evvie72

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on: Jun 30, 2018
By examining the data on the 18th century market for beaver furs, we learn an important economic lesson: Intense and growing competition in the absence of appropriate ____________ fails.
 a. property rights
  b. government controls
  c. price ceilings
  d. tort laws

Question 2

Between 1860 and 1910, output in manufacturing, mining, and railroad freight hauling
 a. expanded more rapidly than the labor force in these sectors.
  b. grew at about the same rate as the labor force in these sectors.
  c. grew more slowly than the labor force in these sectors.
  d. expanded, while the labor force in these sectors declined.


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Dinolord

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a. property rights

Answer to Question 2

a. expanded more rapidly than the labor force in these sectors.


Evvie72

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Reply 2 on: Jun 30, 2018
Excellent

ricroger

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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