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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #857439
Introduction to Economics 1 Deneme Sınavı Sorusu #857439
- The production cost of land
- The price of the good produced on the land
- The quantity and quality of the resources land is combined with
- The prices of the other resources that are combined with land
Which of the above are among the factors that determine the demand for land?
I and II |
III and IV |
I, II, III |
I, III and IV |
II, III and IV |
Yanıt Açıklaması:
The factors that determine the demand for land are: the price of the good produced on the land, the productivity of land which depends in part on the quantity and quality of the resources with which land is combined, and the prices of the other resources that are combined with land. The production cost of land is zero. It is a “free and non-reproducible gift of nature”. The correct answer is E.
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