Trade Will Tend to Equalize the Price of Goods, but Not

question 126

True/False

Trade will tend to equalize the price of goods, but not the price of factors of production.

Understand the rationale and arguments for and against taxing land and economic rents.

Conceptualize the roles and functions of rent within an economy.

Analyze the supply and demand dynamics of land as a resource.

Recognize the principles and implications of Henry George's single tax theory.