With respect to consideration, a bargained-for exchange refers to the location, such as a stock exchange, where the contracting parties negotiated their deal.
Economic rent refers to the price paid for land and other natural resources that
A) are fixed in total supply. B) vary directly with their market prices. C) vary inversely with their market prices. D) are available in nearly unlimited quantities.
A) affect both the size of the domestic output and the allocation of capital goods among industries. B) affect the size of the domestic output,but not the allocation of capital goods among industries. C) affect the allocation of capital goods among industries,but not the size of the domestic output. D) have no perceptible effect on either the size of the domestic output or the allocation of capital goods among industries.