Who said this? "Who is entitled to the rent of land? The producer of the land without doubt. Who made the land? God. Then, proprietor, retire!"
A. David Ricardo
B. Henry George
C. Pierre Joseph Proudhon
D. Joseph Schumpeter
C. Pierre Joseph Proudhon
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A reduction in the amount of unemployment
A) shifts the production possibilities frontier outward. B) moves the economy's point of production closer to the production possibilities frontier. C) moves the economy's point of production along the production possibilities frontier. D) moves the economy's point of production further away from the production possibilities frontier.
The spot exchange market is for ________ delivery, whereas a forward contract permits a firm to buy or sell currency for ________ delivery
A) future; immediate B) local; distant C) immediate; future D) long-term; short-term
Which of the following statements best describes the potential gains from trade?
a. The potential for gains from trade may be especially low among the smaller and lower income countries of the world. b. The potential for gains from trade may be especially high among the smaller and lower income countries of the world. c. The potential for gains from trade may be especially high among the medium and larger income countries of the world. d. The potential for gains from trade may be especially high among the smaller and medium income countries of the world.
Rapid economic growth:
A. has happened in various places around the world since the 1300s. B. has occurred since 1500, but backsliding has prevented real growth. C. is a modern phenomenon, happening only this year. D. is a modern phenomenon, happening only in the last century or two.