If the price of land is zero,
a. the supply of land is a horizontal line
b. rent is zero and land is a free good
c. the MRP curve is positively sloped
d. land rents are positive
e. demand for land is relatively high
B
Economics
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Using the data in the above table, if exports = $1,150 billion and the private sector runs a surplus of $300 billion, the government sector will run
A) a surplus of $150 billion. B) a surplus of $450 billion. C) a deficit of $150 billion. D) a deficit of $450 billion.
Economics
Which of the following is not one of the four anti-competitive activities outlined in the Clayton Act?
a. Price discrimination. b. Exclusive buyer/seller contracts. c. Buying a competitor's voting stock. d. Buying a competitor's plants and equipment. e. Interlocking boards of directors.
Economics