In the capital market, the rental price is what a:
A. producer pays to use a factor of production for a certain period or task.
B. producer pays to gain permanent ownership of a factor of production.
C. consumer pays to use labor or land services for a certain period or task.
D. consumer pays to gain permanent ownership of a factor of production.
A. producer pays to use a factor of production for a certain period or task.
You might also like to view...
According to this Application, some economists noticed that the U.S. dollar ________ largely because monetary policy in the United States had driven interest rates ________
A) depreciated; up B) appreciated; up C) appreciated; down D) depreciated; down
The unemployment rate in the United States at the peak of the Great Depression was ________ percent.
A. 20 B. 10 C. 25 D. 5