Changes in land rents in the United States are chiefly the result of

Question

Quizplus · Accepted Answer

Changes in land rents are primarily influenced by changes in the demand for land. This is because the supply of land in the United States is relatively fixed, and there are limited opportunities for new land production or a significant increase in land fertility. Thus, changes in demand, such as an increase in population or economic growth, can lead to higher land rents as businesses and individuals compete for access to limited land resources.

Changes in Land Rents in the United States Are Chiefly