The Federal Reserve Bank was modeled after the European Central Bank.

In a two-person exchange, if the price offered to the seller is less than the opportunity cost of production, the exchange will not take place

Indicate whether the statement is true or false

The supply curve of land, in the market for uses of land, is:

a. perfectly inelastic. b. nonexistent. c. perfectly elastic. d. positively sloped. e. negatively sloped.