Examlex

Solved

A Form of Multivalued Dependency Is Found in ________

question 39

Multiple Choice

A form of multivalued dependency is found in ________.


Definitions:

Economic Rent

Extra income earned by a factor of production due to its limited supply or unique properties, over and above its opportunity cost.

Output Tax

A tax levied on the quantity of production or output generated by a company, as opposed to income or profit.

Perfectly Elastic

An economic term describing a situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Increasing-Cost Industry

Industry whose long-run supply curve is upward sloping.

Related Questions