A payment for a resource above the opportunity cost of the resource is
A. nominal rent.
B. economic rent.
C. real rent.
D. social rent.
Answer: B
Economics
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An individual who arranges for buyers and sellers to exchange securities and earns a commission in return is a
A) dealer. B) auctioneer. C) broker. D) underwriter.
Economics
The FOMC directive contains a target growth rate for
A) nominal GDP. B) real GDP. C) the inflation rate. D) M2.
Economics
The bid-asked spread is likely to be greater on securities that are
A) issued in larger denominations. B) have low market risk. C) less liquid. D) traded in a deep market.
Economics
The phenomenon of underutilization of labor during a recession is called
A) labor stockpiling. B) investing in human capital. C) labor force stabilization. D) labor hoarding.
Economics