Marginal land is land on the borderline of
a. producing revenue.
b. being used profitably.
c. producing economic rent.
d. a facility that produces output.
b
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If there is a great deal of violence and uncertainty in the country of Crazico, people will be less willing to invest in their own future or in the future of Crazico
a. True b. False
Which of the following is a property of a public good?
A. It is established by legislation. B. Free riders are excluded. C. Users collectively consume benefits. D. It is determined by positive economics.
A budget surplus would be associated with GDP level:
Refer to the graph above.
A. H
B. J
C. K
D. L
Assume that automobiles are a normal good. A decrease in income will
A. move a firm up the marginal revenue product curve of auto workers. B. shift the marginal revenue product curve of auto workers to the left. C. have no effect on the marginal revenue product curve of auto workers. D. shift the marginal revenue product curve of auto workers to the right.