Changes in market rents are mainly determined by changes in
A. the demand for the fixed factors.
B. the elasticity of supply.
C. the supply of fixed factors.
D. the intensity of production on the land.
Answer: A
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Many countries dropped their use of money-growth targets in the 1980s because
A) they were in severe recessions. B) political opponents claimed money-growth targeting helped the rich at the expense of the poor. C) money demand became unstable. D) it was too difficult to coordinate monetary policy with fiscal policy.
The income effect of a decrease in the price of potatoes (an inferior good) is a(n)
a. decrease in the demand for potatoes b. decrease in the quantity demanded of potatoes c. increase in the demand for potatoes d. increase in the quantity demanded of potatoes e. new demand curve because everything else is no longer constant
Explain whether or not the ability-to-pay principle of tax equity is consistent with the benefits received principle of taxation
Explain the costs and benefits of a single currency
What will be an ideal response?