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Author Question: If a resource can be put to a single use and has no alternative uses then: a. economic rents are ... (Read 80 times)

Capo

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on: Jun 30, 2018
If a resource can be put to a single use and has no alternative uses then:
 a. economic rents are zero.
  b. transfer earnings are maximized.
  c. total earnings are zero.
  d. all earnings are economic rents.
  e. all earnings are transfer earnings.

Question 2

The imposition of a minimum wage in the unskilled labor market creates labor surplus or unemployment.
 a. True
  b. False
  Indicate whether the statement is true or false


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jgranad15

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Capo

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  • Posts: 545
Reply 2 on: Jun 30, 2018
:D TYSM

momolu

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Reply 3 on: Yesterday
Gracias!

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