The term "economic rent" refers to payments
A) to owners of real estate.
B) for the use of any resource above its opportunity cost.
C) equal to the opportunity cost of the use of land.
D) for the use of housing in company owned properties.
B
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________ is creating a marketable capital market instrument by bundling a portfolio of mortgage or auto loans
A) Diversification B) Arbitrage C) Computerization D) Securitization
There is uncertainty about the precise level of the natural rate of unemployment
a. True b. False
The entrepreneur will typically have the most difficulty controlling
a. price b. average total cost c. average variable cost d. marginal cost e. total cost
Official unemployment statistics
A. understate unemployment because individuals receiving unemployment compensation are counted as employed. B. understate unemployment because "discouraged workers" are not counted as unemployed. C. include cyclical and structural unemployment, but not frictional unemployment. D. overstate unemployment because workers who are involuntarily working part time are counted as being employed.