If all the return to a resource is economic rent, we know that
A) the price of the resource is below its opportunity cost.
B) the price of the resource equals its opportunity cost.
C) the price of the resource is above its opportunity cost.
D) the resource has no opportunity cost.
Answer: C
Economics
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The value of money or income in terms of the quantity of goods the money can buy is called its
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The Bretton Woods conference set up the ______ to supervise a system of ______ exchange rates.
Fill in the blank(s) with the appropriate word(s).
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