For superstar athletes
A) their entire earnings are economic rent.
B) part of their earnings are economic rent.
C) none of their earnings are economic rent since rent doesn't apply to labor.
D) none of their earnings are economic rent since they will do some other work once they are too old to be an athlete.
Answer: B
Economics
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If the real risk-free interest rate falls, the:
a. Demand curve for real loanable funds rises. b. Demand curve for real loanable funds falls. c. Supply curve of real loanable funds rises. d. None of the above.
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We temporarily operated outside the production possibilities frontier for at least two years in which one of the following decades?
A. The 1930s B. The 1940s C. The 1970s D. The 1980s
Economics