Which of the Following Is True

question 141

Multiple Choice

Which of the following is true?

• A) As interest rates increase, present values increase.
• B) Pure economic rent is a payment to a monopolist for the monopolist's product.
• C) Ricardo argued that land rent is price determined, not price determining.
• D) The present value of $10,000 in one year, at a 6 percent interest rate, is $9,200.
• E) none of the above

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often through study or experience.

Adaptation

The process by which organisms adjust to changes in their environment to survive and reproduce, and also a term used in psychology to describe how individuals adjust to new information or experiences.

Permanent Change

An alteration in state or condition that is lasting and does not revert back to its previous state.

Pavlov

A Russian physiologist known for his discovery of classical conditioning during his experiments on the digestive systems of dogs.