When determination of rent is left to the market,
A. that rent price is almost entirely determined by the supply side.
B. that price can settle at politically unpopular levels.
C. land is fairly distributed among the members of society.
D. the supply of land will be perfectly elastic.
Answer: B
Economics
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In the above figure, if the market price is $10, the firm
A) produces 10 units. B) produces 12 units. C) shuts down operations. D) produces 11 units.
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The legal reserve requirement is determined by
a. savings and loans b. banks c. Congress d. the FDIC e. the Federal Reserve
Economics