The concept of economic rent is associated with the economist
A) Adam Smith.
B) Karl Marx.
C) David Ricardo.
D) Henry George.
C
You might also like to view...
Using the data in the above table, if income is on the x-axis and the amount spent on restaurant meals is on the y-axis, the slope of the straight line graph equals
A) 0.2. B) 0.4. C) 0.5. D) 2.5.
Since 1900, real GDP per capita in the United States has ________ in the short run and has ________ in the long run
A) fluctuated; displayed a strong upward trend B) remained fairly stagnant; grown considerably C) decreased more often than it has increased; increased more often than it has decreased D) grown at a stable and consistent rate; wildly fluctuated
Which of the following contributed to the positive output ratio experienced in the 1960s?
A) decreased government spending B) tax decreases C) favorable oil price shocks D) favorable farm price shocks
The Census survey on work experience asks for the actual hours a person worked; as a result their estimate of annual work hours is very accurate
Indicate whether the statement is true or false