The price of a factor of production that is in fixed supply is called

A) opportunity cost. B) a compensating differential.
C) economic rent. D) economic profit.

C

Economics

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If the nominal interest rate is 0% and the real interest rate is 2%, what is the inflation rate?

A) -2% B) 2% C) -4% D) 0%

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A tariff is a tax imposed on ________ good.

A. a luxury B. an illegal C. a domestic D. an imported

Economics