The income of Lebron James above the minimum payment needed to acquire the type of service he performs is
a. pure profit.
b. economic rent.
c. marginal rent.
d. competitive rent.
b
Economics
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Solutions to the moral hazard in equity contracts include all of the following EXCEPT
A) government regulations to increase information. B) the use of financial intermediaries. C) the use of debt contracts. D) government ownership of resources.
Economics
Present value is
A) the value of a future amount expressed in today's dollars. B) the value of a dollar received a year from now, expressed in terms of its future value. C) the inverse of the interest rate. D) the nominal value instead of the real value of something.
Economics