Economist David Ricardo argued that rent
a. is unethical
b. would be higher if the country opened its doors to international trade
c. determines the value of the goods produced with the asset
d. depends on price and not, as commonly thought, price depends on rent
e. can only be earned on land
D
You might also like to view...
Which statement below is true for a price taker?
A) Marginal revenue can only be positive. B) Marginal revenue can only be negative. C) Marginal revenue can only zero. D) Marginal revenue can be positive, negative, or zero.
One purpose of interest-rate ceilings was to: a. establish a ceiling on bank profits
b. establish a floor on bank profits. c. encourage competition in other areas. d. eliminate the need for the FDIC. e. reduce the chance of bank failures.
John Maynard Keynes's central proposition that a dollar increase in disposable income would increase consumption, but by less than the increase in disposable income, means the marginal propensity to consume (MPC) is:
a. greater than or equal to one. b. equal to one. c. less than one, but greater than zero. d. negative.
A set of actions that a firm takes to achieve a goal, such as maximizing profits, is called
A) a business strategy. B) a payoff matrix. C) the Porter's Competitive Forces plan. D) game theory.