As the total quantity of land is fixed the payment for land is termed as economic rent
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Unemployment is measured as
A) all adults in the civilian labor force who are not working. B) all adults in the civilian labor force who are willing and able to work and who are actively looking for work, but have not found a job. C) all teens and adults in the civilian labor force who are not working. D) all adults in the civilian labor force, regardless of whether or not they have been engaged in actively seeking employment, who do not have the job they want.
The case for government stabilization policy is made more compelling if the
a. self-correcting mechanism works very slowly. b. self-correcting mechanism works too fast. c. value of the multiplier is very small. d. aggregate supply curve is very flat.
With fewer periods in a moving average, it will take longer to adjust to a new level of demand.
Indicate whether the statement is true or false
Refer to the graphs shown. Suppose the price of a good that is a substitute in both consumption and production for the good depicted in the graph falls. The expected shifts in supply and demand are shown in:
A. a. B. b. C. c. D. d.