If a resource has a perfectly elastic supply curve then its ...

[jon_i]

If a resource has a perfectly elastic supply curve then its income is termed as:
 a. economic rent.
  b. rental rate of capital.
  c. rental income.
  d. annuity.
  e. transfer earnings.

Question 2

Medicare subsidizes or provides health care to the poor and medicaid provides health care to the elderly.
 a. True
  b. False
  Indicate whether the statement is true or false

[hanadaa]

Answer to Question 1

e

Answer to Question 2

False

[jon_i]

Thanks for the timely response, appreciate it

[nyrave]

Great answer, keep it coming