For an individual such as a movie star or a pop singer whose natural talents are almost impossible to duplicate
A) all of their earnings consist of economic rents.
B) none of their earnings consist of economic rents since rent applies only to land.
C) part of their earnings consists of economic rents.
D) all of their earnings consist of interest payments.
Answer is C) part of their earnings consists of economic rents.
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A Nash equilibrium occurs
A) when each player acts without considering the actions of the other player. B) when each player takes the best possible action given the action of the other player. C) only when players use the tit-for-tat strategy. D) only when the game is played in Nashville, Tennessee. E) when each player takes the action that makes the combined payoff for all players as large as possible.
The government's role in a developing country is important during the country's development process because building social overhead capital
A. requires a joint venture between the public and private sectors. B. can only be financed by the private sector. C. cannot be taken on by the private sector. D. can only be achieved in a developing country.
The process of combining many different debt instruments like home mortgages into a pool of hundreds of thousands of individual contracts and then selling new financial instruments is called
A) Securitization. B) Leveraging. C) Sub-priming. D) NINJA loaning.
The Navigation Acts:
a. placed tariffs on the import of British goods by the colonies. b. prohibited trade between the British West Indies and the colonies. c. allowed colonial trade on British ships commanded by foreign captains. d. encouraged trade between the colonies and the Dutch. e. None of the above is correct.