Economics (McConnell) AP Edition, 19th EditionChapter 14:
Rent, Interest, and ProfitAfter reading this chapter, you should be able to: - Explain the nature of economic rent and how it is determined.
- Describe the loanable funds theory of interest rates.
- Demonstrate how interest rates relate to the time-value of money and vary based on risk, maturity, loan size, and taxability.
- Relate why economic profits occur, and how profits, along with losses, allocate resources among alternative uses.
- List the share of U.S. earnings received by each of the factors of production.
AP Chapter 14 Introduction
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