 | Learning Objectives
(See related pages)
In this chapter you will learn:
- The nature of economic rent and how it is determined.
- About the loanable funds theory of interest rates.
- How interest rates vary based on risk, maturity, loan size, and taxability.
- Why economic profits occur, and how profits, along with losses, allocate resources among alternative uses.
- The share of U.S. earnings received by each of the factors of production.
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