The payment for the use of a resource in an amount higher than the resource's opportunity cost is
A) a proprietorship.
B) an irrational economic concept.
C) economic rent.
D) reinvestment.
Answer: C
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The logit model derives its name from
A) the logarithmic model. B) the probit model. C) the logistic function. D) the tobit model.
If the government increases the income tax rate they likely intend for:
A. C to increase, shifting aggregate demand to the right. B. I to increase, shifting aggregate demand to the right. C. C to decrease, shifting aggregate demand to the left. D. G to increase, shifting aggregate demand to the right.
Approximately what percentage of state and local expenditures do bond referenda account for?
A. 10 percent. B. Less than 1 percent. C. 25 percent. D. 50 percent.
Financial institutions that receive most of their funds from the savings of the public are
A. thrift institutions. B. the fiduciary monetary system. C. the world index fund. D. universal banking.