All of the payment to a factor of production will be economic rent when the factor of production has:

A) an infinitely inelastic supply curve.
B) an infinitely elastic supply curve.
C) a constant, unit elastic supply curve.
D) an infinitely inelastic demand curve.


A

Economics

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Which of the following is not correct regarding dumping?

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Susan works 60 hours a week while Rachel works 20 hours because she is unable to find full-time work. Which of the following statements is true?

a. Susan is likely to work for an extra hour without a pay hike. b. Rachel is unlikely to give up another hour's leisure without a pay hike. c. Susan's opportunity cost of leisure is likely to be lower than Rachel's. d. Susan is unlikely to give up another hour's leisure without a pay hike.

Economics

Other things equal, the higher the deviations from purchasing power, the lesser will be the arbitrage opportunities

a. True b. False Indicate whether the statement is true or false

Economics

According to the Monetarist view, the impact of expansionary monetary policy will be:

A. the same in the long run as in the short run. B. the same regardless of whether the effects of the policy are anticipated or unanticipated. C. a higher price level (inflation). D. a decrease in short-run prices and an increase in long-run prices.

Economics