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In order to cross your legs, which two actions are required?
Economic Profits
The surplus remaining after total costs are deducted from total revenues, accounting for both explicit and implicit costs.
Productive Land Resources
Land areas that are utilized or capable of being utilized for agricultural production, mining, or other economic activities.
Purely Competitive Economy
An economic model characterized by many buyers and sellers in the market, with none able to influence prices significantly.
Pure Rent
The income derived from the inherent attributes of a resource or property, exclusive of any improvement made by human effort.
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