The reason why socialists favor the nationalization of land is that:
A. Land is a scarce resource
B. The rent received by landowners does not represent anything they produced
C. There is a fixed total supply of land
D. Land is not a productive resource
B. The rent received by landowners does not represent anything they produced
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A Japanese bank buys bonds sold by Minnesota Manufacturing. Minnesota Manufacturing then uses these funds to buy machinery from Canada. Which of the following decreases?
a. U.S. net exports but not US net capital outflow b. U.S. net capital outflow but not U.S. net exports c. U.S. net exports and U.S. net capital outflow d. neither U.S. net exports nor U.S. net capital outflow
Suppose the price of one share of a particular stock rose from $9.00 to $9.15 over the course of a year, and the stock paid a dividend of $0.60 per share during the same year. What was the total return on the share of stock?
A. 8.3 percent B. 6.7 percent C. 25.0 percent D. 1.7 percent
Markets tend toward equilibrium and, as a result, will tend to eliminate shortages and surpluses. Why?
Differences in inflation rates between two countries can explain:
A. short-run changes in the exchange rate but not long-run changes. B. changes in the real exchange rate over the long run, but not changes in the nominal exchange rate. C. changes in the exchange rate in both the short run and the long run. D. long-run changes in the exchange rate but not short-run changes.