The proposition that the price of a resource is expected to rise at a rate equal to the interest rate is called the
A) discounted present value.
B) derived demand for productive resources.
C) diminishing marginal revenue product.
D) Hotelling Principle.
D
Economics
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A static decision is one that
A) is made very slowly. B) involves planning over one time period. C) involves planning over exactly two time periods. D) involves planning over more than one time period.
Economics
A recessionary gap causes national debt to increase because
A. the growth in GDP slows. B. interest on previously incurred debt must be paid. C. recessionary periods require huge buildups of defense materials. D. income tax receipts drop off markedly.
Economics