Introduction to Economics 1 Deneme Sınavı Sorusu #829713

The price paid for the use of land and other natural resources is called:


Wage

Salary

Interest

Profit

Economic Rent


Yanıt Açıklaması:

The income that resource owners earn in return for land resources is called rent. Economic rent is the price paid for the use of land and other natural resources which are completely fixed in total supply.

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