Economist David Ricardo argued that rent
a. is unethical
b. would be higher if the country opened its doors to international trade
c. determines the value of the goods produced with the asset
d. depends on price and not, as commonly thought, price depends on rent
e. can only be earned on land
D
Economics
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Which of the following statements best describes firms under monopolistic competition?
a. There is little price or quality competition. b. The firms compete, using quality, location, advertising, and price. c. Firms do not compete using advertising. d. There is little competition between firms.
Economics
Between 1994 and 2009, the number of welfare recipients in the U.S.:
a. fell by 71%. b. rose by 71%. c. fell by 18%. d. rose by 66%.
Economics