If the supply curve for land was a vertical line, then any payment made for land would be considered
A) as economic rent.
B) as economic lease.
C) as economic interest.
D) as an opportunity lease payment.
A
Economics
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Refer to Figure 22-4. Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in the figure above by the movement from
A) E to B to D. B) A to E. C) A to B to C. D) A to D.
Economics
Which of the following would be most likely to prompt businesses to make planned inventory investment?
a. reports of rising imports b. an announced reduction in interest rates c. soaring production levels d. reports of rising unemployment
Economics