Author Question: Long-run economic rent or profit do not exist for fixed factors like land because A) bidding ... (Read 52 times)

lindiwe

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Long-run economic rent or profit do not exist for fixed factors like land because
 
  A) bidding drives up the price of the factor until no economic rent exists.
  B) there is no market for such factors.
  C) these factors have L-shaped isoquants.
  D) these factors will earn economic profits.

Question 2

A problem with the TANF program's predecessor AFDC was that it was strictly means-tested.
 
  a. True b. False



matt

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Answer to Question 1

A

Answer to Question 2

a



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