David Ricardo's assumption for economic rents for land was based on

A) the supply of land being a fixed quantity.
B) a shortage of land.
C) a surplus of land.
D) total government control of land.


Answer: A

Economics

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Which of the following is not a reason for low savings in poor households:

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Figure 10-2 ? Figure 10-2 shows demand and short-run cost curves for a perfectly competitive firm. At its profit-maximizing level of output, the firm’s short-run TC is represented by area

A. ADFO. B. BGHC. C. BGIO. D. ADGIO.

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If Mexico's GDP drops, which of the following will happen in the market for pesos?

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