« previous next »

Author Question: Economic rent is defined as A) the price of a factor of production that is fixed in supply. B) ... (Read 65 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jun 29, 2018
Economic rent is defined as
 
  A) the price of a factor of production that is fixed in supply.
  B) the surplus received by employing a factor of production in its highest-valued use.
  C) the revenue received by a factor of production with an upward-sloping supply curve.
  D) what you pay to rent your apartment or house.

Question 2

The United States has a trade ________ with all its major trading partners and a trade ________ with every region of the world except for Latin America.
 
  A) deficit; deficit
  B) deficit; surplus
  C) deficit; balance
  D) surplus; deficit
  E) surplus; surplus
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
Economic value (Dollars per Hectare) of sustainable ecosystems Economic value (Dollars per Hectare) of sustainable ecosystems
Social Capability and Economic Growth Social Capability and Economic Growth
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library