« previous next »

Author Question: Economic rent is defined as A) the price of a factor of production that is fixed in supply. B) ... (Read 108 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?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Summation of Heart Sounds, Fixed Splitting of S2 Summation of Heart Sounds, Fixed Splitting of S2
Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
economic question economic question
economic question economic question
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library