The equilibrium rental income paid to landowners at any point in time equals the
a. purchase price of land.
b. value of the marginal product of land.
c. marginal product of land.
d. wage paid to laborers.
b
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The negative impact of government debt on the economy is mitigated by ________
A) the impact of the debt on national saving B) government spending on schools and highways C) the interest rate effects of government budget deficits D) the phenomenon of crowding-out
The U.S. non institutional population excludes
a. members of the resident armed forces. b. all students under the age of 18. c. persons in prisons and medical institutions. d. All of these.
If the rate of return is higher than the cost of borrowing the:
A. investor will lose money on net after paying back the loan. B. investor will make money on net after paying back the loan. C. saver will make less money on net than the borrower. D. borrower will make more money on net than the saver.
Which of the following is true? a. Price leadership is a form of explicit collusion
b. Price leadership is more likely when there are a substantial number of roughly equally sized firms in oligopoly. c. A price leader is most likely to be a dominant firm in an industry. d. None of the above is true.