Author Question: Which resource earns the highest economic rent as a proportion of total earnings? a. a resource ... (Read 27 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
Which resource earns the highest economic rent as a proportion of total earnings?
 a. a resource specialized in one task
  b. a nonspecialized resource
  c. a resource with inelastic demand
  d. a resource in low demand
  e. a resource with elastic demand

Question 2

Fishing, the lumber industry, tourism, and even city buildings in Canada are harmed by acid rain, most of which comes from the United States. According to the Coase theorem, the problem is
 a. easy to solve because the United States and Canada are geographically close
  b. easy to solve because the United States and Canada are allies
  c. easy to solve because international property rights are recognized among capitalist countries
  d. hard to solve because international negotiations are more costly than domestic ones
  e. hard to solve because Canadians have property rights to clean, nonacidic rain



Tonny

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

For a complete list of videos, visit our video library