Introduction to Economics 1 Deneme Sınavı Sorusu #837131

I. A piece of land is demanded more than agricultural production. 

II.  From society’s perspective, economic rent is a cost.

III.  From a firm’s perspective, economic rent is a surplus payment.

What can be said true about the land market?


Only I

Only II

I and II

I and III

II and III


Yanıt Açıklaması:

I. A piece of land is demanded more than agricultural production. (True) 

II.  From society’s perspective, economic rent is a cost. (False, From society’s perspective, economic rent is a surplus payment.)

III.  From a firm’s perspective,  (False, From a firm’s perspective, economic rent is a cost.)

The answer is A.

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