Payments higher than necessary to call forth a resource are known as _____

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Payments higher than necessary to call forth a resource are known as rents. This refers to the amount paid for the use of a resource that is in limited supply, such as land or a specialized skill set. It is often higher than the minimum amount needed to attract the resource due to its scarcity, and landlords or owners of the resource can charge a premium for its use.

Payments Higher Than Necessary to Call Forth a Resource Are