Multiple Choice
The economic rent analysis does not apply to any factor
A) except land.
B) whose supply curve is vertical.
C) whose supply curve is horizontal.
D) whose quantity supplied is fixed.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which is not a reason Usury laws
Q2: On January 1, 2010, a homeowner borrowed
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
Q7: Which factor receives the profit from production?<br>A)Land<br>B)Labor<br>C)Capital<br>D)Entrepreneurship
Q8: Mr.Calhoun owned a worn-out piece of farmland
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.