Multiple Choice
The practice of officers purchasing their commissions in the British Army was:
A) to aid the King in selecting good officers.
B) so only the rich could become officers.
C) because of generalized corruption.
D) to help raise funds for the Army.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Explain the distinction between legal and economic
Q39: Holding property rights means that:<br>A)an individual does
Q40: Better- defined property rights are preferred:<br>A)because ownership
Q41: Gisela and Lynn are friends. New clothing
Q42: A major problem which plagues cost- benefit
Q44: Property rights:<br>A)require resources in order to be
Q45: A good with a negative externality will
Q46: According to the Coase theorem part 1:<br>A)property
Q47: Eliminating information asymmetry:<br>A)should be upheld by law.<br>B)may
Q48: The switch in property rights from fault