Examlex
Simplify the expression. First use the distributive property to remove any parentheses.
-9(y + 9)
Aggregate Economic Rent
The total earnings that factors of production receive over and above their opportunity cost, representing the extra income derived from resource ownership.
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change on an outcome.
Surplus Payments
Payments made above the market price, often by a government to producers, to encourage production or as a form of subsidy.
Economists
Professionals who study and apply theories and concepts related to economies, analyzing trends and advising on economic policy.
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