Author Question: According to your authors, a necessary condition for the evolution of a successful commercial ... (Read 61 times)

asd123 · **on:** Jun 29, 2018

According to your authors, a necessary condition for the evolution of a successful commercial society includes

A) stable interest rates.
B) reasonably secure property rights.
C) a superabundance of natural resources.
D) zero economic losses.

Question 2

Security personnel are an important input into the production of major concerts, such as Lady Gaga, and Jay Z & Kanye West. If wages for security personnel rise, then we would expect

A) the supply of major concerts to be unaffected.
B) the supply of major concerts to decrease.
C) the supply of major concerts to increase.
D) the demand for major concerts to increase.