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Fnsame Fnsame
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6 years ago
Wealth creating transactions are more likely to occur
 a. With private property rights
 b. With contract enforcement
 c. Both a and b
  d. None of the above

QUESTION 2

Government intervention
 a. can provide incentives to conduct business in an illegal black market
 b. plays no role in generating wealth
 c. is the best way to eliminate poverty
 d. does not enforce property rights

QUESTION 3

Government can intervene in the market through
 a. Price floors
 b. Price ceilings
 c. Taxes
 d. All the above

QUESTION 4

Price ceilings are primarily intended to help
 a. No one
 b. Consumers
 c. Producers
 d. Government

QUESTION 5

When the market is in equilibrium, with no government intervention,
 a. Total surplus is minimized
 b. Total surplus is maximized
 c. Government maximizes total revenue
 d. None of the above
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6 years ago
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Fnsame Author
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#2
6 years ago
Brilliant
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