The purchase price of capital is
a. the value of the capital to the firm.
b. always less than the rental price.
c. the price received from the flow of some capital services.
d. the price a person pays to own that factor of production indefinitely.
d
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Pick the best answer using the economic way of thinking. If information is a scarce good, then ignorance might be
A) a sin. B) stupid. C) bliss. D) rational. E) inefficient.
Does a change in the real interest rate shift the supply of loanable funds curve? Explain your answer
What will be an ideal response?
If a city government enacts a maximum price on rent,
A) quantity supplied will decrease. B) quantity demanded will increase. C) allocational problems develop. D) All of the above.
The motivation for an individual citizen to spend the necessary time and effort to resist an interest group is minimal, even if she had a guarantee that this resistance would be effective
a. True b. False Indicate whether the statement is true or false