1. if you buy a drink, private property rights give you the ability to

a. allows someone else to drink it

b. drink it when someone is thirty

c. do whatever you want with it

d. share it

e. al lof the above

2.According to the following information, what is the unemployment rate? (Round to the nearest tenth of a percent.)

Number of Employed: 20,000

Number of Unemployed: 1,000

Not in the Labor Force: 4,000

a. 5.0%

b. 4.8%

c. 3.7%

d. 20.0%

e. none of the above

3.If expected inflation is 2%, the nominal interest rate is 7% and the economy is growing at a rate of 3%, the real interest rate is equal to?

4.Private property rights

a. Makeitmorelikelythatasocietywilldeveloprapidly.

b. Allow an individual to decide what to do with the product of his/her labor.

c. Allow the owners of a firm to decide what to do with any profits.