The above figures show the market for gasoline. Which figure shows the effect of an increased preference for cars that are smaller and more fuel efficient?

Ricardo's assumption for economic rents for land was based on

A) the supply of land being a fixed quantity. B) a shortage of land. C) a surplus of land. D) total government control of land.

In a closed economy, the formula for public saving is: Sprivate = T + G + TR

a. True b. False Indicate whether the statement is true or false