In his book Progress and Poverty, Henry George argued that
A) poverty is associated with the personal characteristics of individuals and therefore cannot be remedied by government antipoverty programs.
B) economic rent could be heavily taxed without impairing the supply of land or, therefore, the productive capacity of the economy.
C) rents should not be taxed, because rental income is the basic source of saving, which ultimately permits a high level of investment and economic growth.
D) taxes on rents are undesirable because they have a severe disincentive effect on landlords.
Correct Answer:
Verified
Q3: The demand for land is
A) perfectly elastic.
B)
Q4: Economic rent refers to the price paid
Q5: The total supply of land is
A) upsloping.
B)
Q6: For all practical purposes, the supply of
Q7: Which of the following is correct?
A) Although
Q9: The demand for farmland will increase if
A)
Q10: The marginal revenue product (MRP) of land
Q11: Economic rent, or pure rent, is
A) a
Q12: To say that land rent performs no
Q13: Which of the following statements is correct?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents