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    Principles of Economics Study Set 1
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    Exam 11: Externalities, Property Rights, and the Environment
  5. Question
    Total Economic Surplus Will Be ________ in Nations with Well-Defined
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Total Economic Surplus Will Be ________ in Nations with Well-Defined

Question 180

Question 180

Multiple Choice

Total economic surplus will be ________ in nations with well-defined property rights than in nations with poorly-defined property rights.


A) less predictable
B) no different
C) higher
D) lower

Correct Answer:

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