In the capital market, the rental price is what a:
A. consumer pays to gain permanent ownership of a factor of production.
B. producer pays to use a factor of production for a certain period or task.
C. consumer pays to use labor or land services for a certain period or task.
D. producer pays to gain permanent ownership of a factor of production.
Answer: B
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Suppose that the share of population employed in Country C is 50 percent, and that Countries C and D have the same real GDP per capita. Based on the information in the table, what share of Country D's population must be employed? CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. 100.0 percent B. 75.0 percent C. 12.5 percent D. 25.0 percent
In November 2012, HP claimed that they had weak earnings due to questionable accounting by a company that they had taken over. This is an example of:
A) market risk B) systemic risk C) idiosyncratic risk D) liquidity risk
The tax revenues of federal, state, and local governments have different sources, in that the federal government relies primarily on:
A. excise and property taxes; state and local governments rely on sales taxes. B. sales taxes; state and local governments rely on excise and property taxes. C. sales and property taxes; state and local governments rely to a greater extent on income taxes. D. income taxes; state and local governments rely to a greater extent on sales and property taxes.
The OLS estimator is derived by
A) connecting the Yi corresponding to the lowest Xi observation with the Yi corresponding to the highest Xi observation. B) making sure that the standard error of the regression equals the standard error of the slope estimator. C) minimizing the sum of absolute residuals. D) minimizing the sum of squared residuals.