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puteri [66]
3 years ago
5

Generally it is thought that assignment of property rights leads to efficient use of resources. We noted two cases however (the

Latifundio-minifundio system in Latin America, and tenant farming in Asia) where property rights lead to inefficient use of land. Explain why.
Business
1 answer:
malfutka [58]3 years ago
4 0

Answer:

Explanation:

This could be due a number of factors.

1 Externality effect

2 There could also be market failure, when property rights are not properly defined.

Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.

Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.

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If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by
ohaa [14]

Answer:

4%

Explanation:

If the real gross domestic product for the year grew by 2%

The inflation rate also grew by 2%

Then nominal GDP rate can be calculated as follows

= Real GDP + inflation rate

= 2% + 2%

= 4%

Hence the nominal gross domestic product grew by 4%

6 0
3 years ago
50 points !!!!! Please help me!!! This is about Simple path to wealth by JL Collins
Irina18 [472]

Answer:

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6 0
3 years ago
Scheduled and unscheduled injuries are categories used to determine benefits for which type of disability income?
hjlf

Answer:

Permanent partial disability

<h3>What is permanent partial Disability?</h3>
  • Permanent Partial Disability — a worker's compensation disability level in which the injured employee is still able to work but not with the skill and efficiency demonstrated prior to the injury.
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4 0
1 year ago
In a simple structure where the owner manager makes most of the important decisions, extensive rules and regulations are used to
olganol [36]
A. True, I guess......
7 0
3 years ago
Consider the following abbreviated financial statements for Weston Enterprises:
Nadusha1986 [10]

Answer:

Weston Enterprises

a.                             2018           2019

Owners' equity    $3,187        $3,309

b. Change in net working capital for 2019 is $39.

c. The company sold $841 in fixed assets.

d. The cash flow from assets = ($2,544) + $841 = ($1,703)

e. Long-term debt paid off = $291.

f. The cash flow to creditors = 478 ($524 - 46).

Explanation:

Data and Calculations:

WESTON ENTERPRISES 2018 and 2019 Partial Balance Sheets

Assets                                             Liabilities and Owners' Equity

                            2018      2019                                     2018        2019

Current assets   $1,178    $1,263     Current liabilities $526       $572

Net fixed assets 5,707     6,023      Long-term debt   3,172      3,405

                                                         Owners' equity    3,187      3,309

Total                 $6,885  $7,286       Total                 $6,885   $7,286

WESTON ENTERPRISES 2019 Income Statement

Sales           $15,490

Costs                7,171

Depreciation   1,387

Interest paid     404

                                  2018      2019  Change

Current assets         $1,178    $1,263    $85

Current liabilities      $526      $572       46

Net working capital  $652      $691     $39

Fixed assets:

Beginning balance      5,707

Additional purchase   2,544

Less depreciation       1,387

Balance after depre. 6,864

Ending balance         6,023

Asset sold                     841

Long-term debt

Beginning balance     3,172

Additional debt            524

Debt paid off               (291)

Ending balance        3,405

6 0
3 years ago
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