Solved

In Economics, "Rent" Is Defined As

Question 27

Multiple Choice

In economics, "rent" is defined as:


A) the difference between what one actually earns and what one could potentially have earned from the next best available option.
B) The amount paid by a tenant to the landlord.
C) Opportunity cost.
D) The foregone interest on money that someone holds in liquid cash rather than depositing this into a bank account.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents