Multiple Choice
Mr.Calhoun owned a worn-out piece of farmland for growing cotton, which he had been unable to rent for years.Suddenly he was getting offers from cotton farmers to lease his land.What is the most likely explanation of this?
A) The price of cotton went down.
B) The physical productivity of the land went up.
C) Taxes on land went up.
D) The price of cotton went up.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Usury laws interfere with the automatic workings
Q4: The quantity of loanable funds demanded<br>A)is where
Q5: Demand for labor is<br>A)derived demand.<br>B)highly elastic.<br>C)dependent on
Q6: The economic rent analysis does not apply
Q7: Which factor receives the profit from production?<br>A)Land<br>B)Labor<br>C)Capital<br>D)Entrepreneurship
Q9: The marginal productivity principle implies that<br>A)quantity demanded
Q10: Economic rent is the amount of money
Q11: Putting new ideas to work is called<br>A)invention.<br>B)innovation.<br>C)management.<br>D)MPP.
Q12: Figure 19-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 19-3
Q13: The distribution of income in a market