Refer to the below information and table. What will be the equilibrium economic rent per acre?
Suppose that the quantity of a certain type of farmland available is 400,000 acres, and the demand for this land is given in the table below.
A. $100
B. $200
C. $300
D. $400
B. $200
Economics
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The sum of all past federal deficits minus any surpluses is called the
A) transfer balance. B) national deficit. C) national debt. D) national budget.
Economics
An economy could produce above its potential GDP for a short period of time by
a. reducing the size of the labor force. b. increasing the price of final goods and services. c. adding extra shifts of work, such as overtime or night shifts. d. increasing the money supply.
Economics