Economic or pure rent is:
A) a payment made for the use of housing,factory buildings,or capital goods.
B) a payment for resources used in the production of "free goods."
C) a payment for the use of those resources whose supply is perfectly elastic.
D) the price paid for the use of land and other nonreproducible resources.
Correct Answer:
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Q1: The economist who advocated a single tax
Q2: Henry George advocated a single tax on
A)
Q4: Economic rent refers to the price paid
Q5: The total supply of land is
A) upsloping.
B)
Q9: The demand for farmland will increase if
A)
Q13: Which of the following statements is correct?
A)
Q15: The marginal revenue product (MRP) of land
Q17: Landowners will not receive any rent so
Q18: Henry George's single-tax movement was based on
Q22: The fact that people prefer present consumption
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