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12 Cards in this Set
- Front
- Back
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1.What is the economist’s definition of “economic rent”?
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2.What was the basic premise of Henry George’s proposal?
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3.How are “productivity differences” and “rent differences” related?
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4.What is the economic function of interest?
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5.What is the Loanable Funds Theory Of Interest? What influences the demand and supply of loanable funds?
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6.What factors influence interest rates?
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7.What is the “pure rate of interest”?
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8.What impact do interest rates have on economic decisions?
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9.What is the difference between “nominal interest rates” and “real interest rates”?
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10.What is the purpose of a usury law?
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11.What is a ‘static economy”?
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12.What is the difference between insurable and uninsurable risks?
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