Multiple Choice
To say that land rent performs no incentive function means that
A) higher rental payments will not bring forth a larger quantity of land.
B) rent is not a cost to specific firms, but it is a cost from the standpoint of the economy as a whole.
C) rent does not allocate land in terms of productive efficiency.
D) rent tends to allocate land into the most productive uses.
Correct Answer:
Verified
Correct Answer:
Verified
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