The earnings of which of the following resources comprises entirely of economic rent?
a. Unskilled labor
b. Coal
c. Timber
d. Water
e. Biomass
b
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Suppose the dollar depreciates from 89 Japanese yen to 79 Japanese yen. One would expect
A. U.S. imports to increase B. U.S. exports to increase. C. Japanese exports to increase. D. Japanese net exports to increase.
To compare the change in physical production (GDP) between 2010 and 2016, we should compare ________ GDP in 2010 with ________ GDP in 2016.
A. nominal; nominal B. real; real C. real; nominal D. current dollar; current dollar
The absence of cyclical unemployment means the economy is at the natural unemployment rate
Indicate whether the statement is true or false
Which of the following is NOT a discount bond?
A) a U.S. savings bond B) a U.S. Treasury bill C) a U.S. Treasury note D) a zero-coupon bond