To the extent that land is perfectly inelastic in supply, taxing rent would NOT diminish the amount of land available to the economy.
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Q152: In economics, the term "land" refers to
Q153: Land is perfectly fixed in supply because
Q154: The price of land is determined equally
Q155: The discovery of natural gas in the
Q156: Since the supply of land is considered
Q158: In economics, "physical capital" refers to all
Q159: Investment is when firms purchase capital inputs.
Q160: The investment decisions made by firms involve
Q161: The marginal product of capital curve has
Q162: The marginal revenue product of capital is
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