Marginal land is land
a. that is unprofitable under any circumstances.
b. that is the most productive in the area.
c. that is on the borderline of profitability.
d. of average productivity.
c
Economics
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Surplus value that is lost due to taxes imposed on imported goods which are keeping the market from functioning as well as it can is called
A) the loss of subsidy. B) the net export deficit. C) rent seeking loss. D) the deadweight loss of a tariff.
Economics
The classical notion of monetary neutrality is consistent both with a vertical long-run aggregate-supply curve and with a vertical long-run Phillips curve
a. True b. False Indicate whether the statement is true or false
Economics