Which of the following is true of earnings from land?
a. An increase in economic rent leads to an increase in the supply of land.
b. A decrease in transfer earnings from land leads to an increase in its demand.
c. An increase in economic rent does not lead to an increase in the supply of land.
d. A decrease in transfer earnings from land leads to a decrease in its supply.
e. An increase in economic rent raises the elasticity of supply of land.
c
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The regulatory agency responsible for regulating the activities of life insurance companies is
A) the FDIC. B) the Fed. C) the FHLBS. D) the appropriate state agency where the company is operating.
A quota refers to:
A) a tax on imported goods B) a limit on the amount of a good that can be imported C) the range within which an exchange rate is allowed to fluctuate D) a limit on the size of a trade deficit