A key assumption of Ricardo's economic rent concept was that
A) all land is equally productive.
B) land is too differentiated to be able to measure.
C) only land in large cities matters.
D) land is always cheap and needs development.
A
Economics
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According to the Taylor Principle, when the inflation rate rises, the nominal interest rate should be ________ by ________ than the inflation rate increase
A) increased; more B) increased; less C) decreased; more D) decreased; less
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An asset that can be easily disposed of without high transactions costs and with relative certainty as to its value is
A) solid. B) liquid. C) M1. D) M2.
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