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) the supply of land being a fixed quantity.
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Frictional unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs. B. the extra unemployment that occurs during periods of recession. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. the unemployment that results when people retire or leave the labor force.
Most of the state and local government employees are in what area?
A. Education B. Highways C. Health care D. Administration
The U.S. government attempts to spur research and development activities through
a. monetary policy. b. interest rate policy. c. export subsidy policy. d. tax policy.
_______ status is given if an organization has a cultural, artistic, educational, or other public benefit.
a. For-profit b. Not-for-profit c. Charitable organization d. Sole proprietorship e. LLC