This topic contains a solution. Click here to go to the answer

Author Question: On which of the following assumptions is formal economic theory based? a. The value of a ... (Read 55 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
On which of the following assumptions is formal economic theory based?
 
  a. The value of a particular commodity decreases as it becomes more scarce.
  b. Only occasionally do people maximize their material well-being.
  c. People, when exchanging goods and services, naturally strive to maximize material well-being and profits.
  d. Families will compete against each other to assert rights of ownership and allocation.
  e. In societies where there is formal market exchange (commercialism), the market will determine all economic activities of individuals.

Question 2

All of the following are potential limitations to personal property rights in the United States EXCEPT _____.
 
  a. right of eminent domain
  b. availability of resources
  c. zoning laws
  d. title and ownership of property
  e. foreign land ownership



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

ANSWER:
c

Answer to Question 2

ANSWER:
e




HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jul 10, 2018
Excellent


vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

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.

For a complete list of videos, visit our video library