Author Question: Economic freedom: a. is the right to own property. b. means not having to pay taxes. c. is absent ... (Read 25 times)

Arii_bell · **on:** Jun 30, 2018

Economic freedom:
a. is the right to own property.
b. means not having to pay taxes.
c. is absent in rich countries.
d. affects only poor people.
e. is the ability to engage in voluntary trade.

Question 2

According to the rule of rational choice, an individual will undertake an activity as long as:
a. the expected marginal benefits are less than the expected marginal costs.
b. the expected marginal benefits are greater than the expected marginal costs.
c. total expected costs exceed total expected benefits.
d. total expected benefits exceed total expected costs.