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
Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age
Nap master (fixed)
economic question
economic question
economic question
Production of ABO blood group antigens