This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A social system in which rights are clearly defined and participants are free to exchange as they ... (Read 43 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
A social system in which rights are clearly defined and participants are free to exchange as they choose will tend to allocate resources to
 
  A) their most efficient uses.
  B) their most highly valued uses.
  C) uses on which the highest monetary value is placed.
  D) uses which maximize social welfare.
  E) uses which produce the greatest good for the greatest member.

Question 2

A rent control is an example of a ________.
 
  A) price floor
  B) price ceiling
  C) negative externality
  D) positive externality


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


fox

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
:D TYSM

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Three Chamber Heart -- Circulatory System Three Chamber Heart -- Circulatory System
Overview of gas exchange between the environment, blood, and cells. Overview of gas exchange between the environment, blood, and cells.
Sagittal section of upper respiratory system illustrating the internal anatomy of the nasal cavity, Sagittal section of upper respiratory system illustrating the internal anatomy of the nasal cavity,
Procedures and Diagnostic Tests Related to the Urinary System Procedures and Diagnostic Tests Related to the Urinary System
The major divisions of the nervous system. The major divisions of the nervous system.
Internal organs of the female reproductive system within the pelvis Internal organs of the female reproductive system within the pelvis
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library