Economic rents are useful because
A. they increase tax revenue.
B. they make it easy to calculate opportunity cost.
C. they increase the income of the owner.
D. resources will go to their most efficient use.
Answer: D
You might also like to view...
Legal immigration into the U.S. can be done through the following ways, except:
A. Annual immigration quotas B. Refugee program C. H1-B provision D. Tourism visas
Assumptions for economic theories and models should be
A) rejected if they are not totally realistic. B) logical rather than empirically testable. C) simple and reasonable rather than complex. D) maintained until overwhelming evidence to the contrary occurs.
Perfectly competitive markets are not the most efficient type.
Answer the following statement true (T) or false (F)
Popular management jargon includes
A) benchmarking. B) empowerment. C) lean manufacturing. D) total quality management. E) all of these choices.