In a market system, private ownership of land does not lead to which of the following results?
A) Private owners will face no cost in using land for one purpose rather than another.
B) Land rent reflects the opportunity cost of land.
C) Land is allocated to its best possible uses.
D) Private land ownership aids economic growth because land rents reflect changes in tastes and technologies.
Correct Answer:
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Q100: In his book Progress and Poverty, Henry
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A)Rent