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Author Question: If you must make a choice about consuming two apples, three oranges, or one candy bar, the ... (Read 35 times)

ereecah

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on: Jun 30, 2018
If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the two apples is the candy bar plus the three oranges.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is false?
 a. Property rights provide the rules of the economic game.
 b. Well defined property rights give individuals the incentive to use their property efficiently.
  c. Owners with property rights have an incentive to conserve their property.
 d. Owners have no incentive to care what values others place on what they own.


vseab

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


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