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Author Question: One example of Ricardian rent is a. rent paid to landlords under price controls. b. the difference ... (Read 151 times)

brutforce

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One example of Ricardian rent is
 a. rent paid to landlords under price controls.
  b. the difference between the wage of a star baseball player and what he could earn outside of baseball.
  c. the amount paid to a seller above the equilibrium price of tourist class tickets in order to receive higher quality seats in first class.
  d. the price rise of wool from a disease among sheep.

Question 2

Price controls
 a. are always popular with consumers because they lower prices.
  b. create shortages.
  c. increase producer surplus because firms can now sell a greater quantity of a good at a lower price.
  d. are necessary to preserve equity.



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peilian

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Answer to Question 1

b

Answer to Question 2

b




brutforce

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Reply 2 on: Jul 1, 2018
Excellent


zacnyjessica

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Reply 3 on: Yesterday
:D TYSM

 

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