If, in response to a growing demand for food, farmers create productive acreage by draining swamps,
a. the supply curve of land will be vertical
b. these new acres will generate the largest rents of all acreages
c. the MRP of land will increase
d. all land will earn zero rents because of competition
e. differential land rents will result
E
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Which of the following $1,000 face-value securities has the highest yield to maturity?
A) a 5 percent coupon bond with a price of $600 B) a 5 percent coupon bond with a price of $800 C) a 5 percent coupon bond with a price of $1,000 D) a 5 percent coupon bond with a price of $1,200
If the economy experiences inflation and economic growth, this means that aggregate demand grows by more than aggregate supply.
Answer the following statement true (T) or false (F)
A matrix form of organization is equivalent to a U-form which is found in the service industry
Indicate whether the statement is true or false
That part of national income not spent on consumption is
a. saving b. investment c. delayed consumption d. induced consumption e. the MPC