Economic rent is the minimum payment necessary to induce any of the factor to be supplied.
Answer the following statement true (T) or false (F)
False
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If a country is currently borrowing more from the rest of the world than it is lending to the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?
A) the Old-Age Survivors' and Disability Insurance (OASDI) program B) the Supplemental Security Income (SSI) program C) the Temporary Assistance to Needy Families (TANF) program D) the food stamps program
Suppose the government of Marina aims to minimize the deadweight loss of subsidy. It should: a. provide a subsidy in a market with more inelastic demand. b. provide a subsidy in a market with unit elastic supply
c. provide a subsidy in a market with more elastic demand. d. provide a subsidy in a market with perfectly elastic supply.
If the rate of inflation in the United States exceeds the rate of inflation in Great Britain we would expect the U.S. dollar to depreciate in value against the British pound
Indicate whether the statement is true or false