In Japan, the market value of the land is approximately four times that of all the land in the United States, even though Japan is only about the size of California.The most likely explanation for this fact is
A)greater demand for land in Japan relative to the supply than in the United States.
B)land is very productive in Japan.
C)land is not fixed in supply in the United States.
D)Japanese workers are very productive.

Question

Quizplus · Accepted Answer

The higher market value of land in Japan relative to its size suggests that there is a higher demand for land compared to the supply, which drives up its value.

In Japan, the Market Value of the Land Is Approximately