One example of Ricardian rent is:
a. rent paid to landlords under price controls.
b. the difference between the price of a highly demanded unique piece of artwork and the opportunity cost of maintaining it.
c. the amount paid to a seller above the equilibrium price of tourist class tickets in order to receive higher quality seats in first class.
d. the price rise of wool from a disease among sheep.
b
Economics
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If 160 million people are employed, 15 million people are unemployed, and the population is 280 million people, the unemployment rate is
A) 57 percent. B) 62.5 percent. C) 8.6 percent. D) 9.4 percent. E) not possible to calculate without data on the labor force.
Economics
According to the text, approximately how many countries are members of the WTO?
A) 100 B) 135 C) 160 D) 180
Economics