A decrease in population can be expected to
a. increase the marginal product of land.
b. decrease the supply of land.
c. decrease the rents on land.
d. increase the demand for land.
c
Economics
You might also like to view...
With a flexible exchange rate system, to gain credibility with investors or savers, a nation will often:
A) adopt a nominal anchor to keep currency growth in line with a measurable indicator, such as exchange rates or inflation rates. B) limit the power of the central bank by having elected officials set monetary targets. C) give more power to the prime minister to stop inflation and lower unemployment. D) temporarily adopt a gold standard.
Economics
The true cost of any product purchased by the military is its purchase price
a. True b. False
Economics