Author Question: If a resource has a perfectly elastic supply curve then its income is termed as: a. economic rent. ... (Read 100 times)

jon_i · **on:** Jun 30, 2018

If a resource has a perfectly elastic supply curve then its income is termed as:
a. economic rent.
b. rental rate of capital.
c. rental income.
d. annuity.
e. transfer earnings.

Question 2

Medicare subsidizes or provides health care to the poor and medicaid provides health care to the elderly.
a. True
b. False
Indicate whether the statement is true or false