Author Question: Land owners with secure and protected property rights are motivated to (a) use their land ... (Read 44 times)

mydiamond · **on:** Jun 30, 2018

Land owners with secure and protected property rights are motivated to

(a) use their land productively.
(b) maintain their land and its value as long as the land is owned privately
and profits are realized by the land owners.
(c) not hold their land idle if they face property taxes due to costs
imposed by the tax system.
(d) link land ownership and personal freedom.

Question 2

New Keynesian economists

a. believe that the deviations of output below potential output during recessions are socially costly.
b. presume that much unemployment is involuntary.
c. attempt to improve the microeconomic foundations of the traditional Keynesian models, not challenge their major premises.
d. Both a and c
e. All of the above