Economic rent is earnings in excess of what?
a. opportunity cost
b. total costs
c. taxes
d. hidden costs
a
Economics
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Refer to Figure 18.1. The opportunity cost of bicycles in the United States is
A) 1/3 of a hang glider. B) 1/2 of a hang glider. C) 3 hang gliders. D) 4 hang gliders.
Economics
Financial instruments whose payoffs are linked to previously issued securities are called
A) grandfathered bonds. B) financial derivatives. C) hedge securities. D) reversible bonds.
Economics
Refer to the diagram above. The straight line E drawn through the wavy lines would provide an estimate of the:
a. Recovery trend b. Recession fluctuation c. Natural rate of unemployment d. Economic growth trend
Economics
Economists assume people behave
A. greedily. B. irrationally. C. instinctively. D. rationally.
Economics