According to _____________, rent was an unearned surplus and should be taxed away.
Fill in the blank(s) with the appropriate word(s).
Henry George
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To stop a speculative attack interest rates must be ________, which will ________ aggregate demand.
A. decreased; decrease B. increased; increase C. decreased; increase D. increased; decrease
For a competitive firm, workers' marginal revenue product equals the marginal product of labor times the:
a. wage rate. b. price of the firm's product. c. interest rate. d. firm's total revenue.
Which of the following statements is true concerning comparative advantage?
A. Rich nations typically have a comparative advantage in the production of all goods. B. Poor nations typically have a comparative advantage in the production of all goods. C. Poor nations typically have a comparative advantage in high-tech but not agricultural goods. D. Poor nations typically have a comparative advantage in agricultural but not high-tech goods.
If the receiver in the "ultimate bargaining game" cares not just about his final wealth level but also about fairness,
A. the allocator will make a one-sided offer. B. the receiver will reject a one-sided proposal. C. the receiver will always receive the full $20. D. the receiver will accept a one-sided offer.