The first economist to analyze economic rent was
A. John Stuart Mill.
B. Henry George.
C. David Ricardo.
D. Karl Marx.
Answer: C
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Which of the following is FALSE about the Highly Indebted Poor Countries initiative?
A) Most of the countries included are in sub-Saharan Africa. B) Countries qualify for debt relief partly based on their level of poverty. C) Countries do not have to have established a past track record of economic reform in order to qualify as long as they make future commitments. D) External debt levels must be high relative to exports in order to qualify.
In a sequential game, if Irene decides to enter the market, what would be Mattie's best response?
a. Accommodate b. Fight c. Run away d. Shut down
Two reasons why the Social Security system nearly went bankrupt in the early 1980s are: (i) wages were indexed but benefits were not; (ii) the percentage of elderly people in the country declined
a. i and ii b. i but not ii c. ii but not i d. neither i nor ii
An ad valorem sales tax can be thought of as
A) a proportional tax. B) not part of the tax base. C) a progressive tax. D) none of the above.