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.Management Sciences
A. will be perfectly inelastic in the long run. but upward sloping in the short run
B. is perfectly inelastic since there is a fixed amount of land
C. is perfectly elastic since there is fixed amount of land
D. will be upward sloping because as land becomes more valuable in once use, the amount of land made available for that use will increase
Related Mcqs:
- If the income effect is smaller than the substitution effect, higher net wages will ?
- A. reduce the supply of labour. B. increase the demand for labour C. increase the supply of labour D. have no effect on the supply of labour...
- Differences in wages that result from differences in working conditions are known as ?
- A. occupational differentials B. search differentials C. job differentials. D. compensating differentials...
- Permanent income is ?
- A. Social Security income of the elderly and disabled B. none of these answers C. wages fixed by a union or other labour contract D. equal to the minimum wage E. a person’s normal or average income...
- Mariam earns more than Seamus and she came by her income fairly and honestly which of the following political philosophies would argue against the redistribution of income from Mariam to Seamus ?
- A. all of these answers B. libertarianism C. utilitarianism D. none of these answers...
- The marginal tax rate is ?
- A. the tax rate you pay on any additional income that you earn. B. the total amount of tax you pay divided by your total income C. the additional tax you pay divided by your total income D. your total income divided by the total amount of tax you pay....
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