The incentive function of prices
A) indicates that price increases bring forth more of that resource.
B) is the idea that competitive markets will always clear.
C) applies to all resources.
D) only applies to land.
Correct Answer:
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Q64: The XYZ Corporation determines it can make
Q65: Suppose you borrow $1,000 for a year
Q66: Q67: Landowners will not receive any rent so Q68: The total supply of land is Q70: If the interest rate is 11 percent, Q71: Which of the following statements is correct? Q72: For all practical purposes, the supply of Q73: In year 1 the price level is Q74: Economic rent, or pure rent, is
A)upsloping.
B)perfectly elastic.
C)perfectly
A)Economic
A)a payment
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