Author Question: When private property rights in a country are not secure, people cannot use their property as ... (Read 91 times)

imowrer · **on:** Jun 30, 2018

When private property rights in a country are not secure, people cannot use their property as collateral for loans.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Mike is able to complete a tax return in two hours earning a fee of 100 . As an alternative, he could pitch in at a volunteer car wash washing four cars in one hour. His roommate Joe would take four hours to complete a tax return earning a 100 fee and also can wash four cars in one hour. Both individuals could benefit if
a. Mike worked on tax returns for eight hours and paid Joe 5 for each car he washed
b. Mike worked on tax returns for eight hours and paid Joe 10 for each car he washed.
c. Mike worked on tax returns for eight hours and paid Joe 15 for each car he washed
d. Joe worked on tax returns for eight hours and paid Mike 10 for each car he washed