Paying rent to landlords was opposed by both _____________ and ______________.
Fill in the blank(s) with the appropriate word(s).
Pierre-Joseph Proudhon; Henry George
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The table above shows the transaction in Pinkland last year:
a) Calculate Pinkland's GDP. b) What approach did you use to make this calculation?
Externalities
A) are not reflected in market prices, so they can be a source of economic inefficiency. B) do become reflected in market prices, so they can be a source of economic inefficiency. C) are not reflected in market prices, so they do not adversely affect economic efficiency. D) do become reflected in market prices, so they do not adversely affect economic efficiency. E) may or may not become reflected in market prices, but do not have an impact on economic efficiency in either event.
Calculate the following probabilities using the standard normal distribution. Sketch the probability distribution in each case, shading in the area of the calculated probability
(a) Pr(Z < 0.0) (b) Pr(Z ? 1.0) (c) Pr(Z > 1.96) (d) Pr(Z < –2.0) (e) Pr(Z > 1.645) (f) Pr(Z > –1.645) (g) Pr(–1.96 < Z < 1.96) (h.) Pr(Z < 2.576 or Z > 2.576) (i.) Pr(Z > z) = 0.10; find z. (j.) Pr(Z < –z or Z > z) = 0.05; find z. What will be an ideal response?
Monetary payments to nonowners of a firm are called:
A. implicit costs. B. accounting costs. C. explicit costs. D. economic costs.