According to Henry George, in His Book Progress and Poverty

question 160

True/False

According to Henry George, in his book Progress and Poverty, all land rents are pure economic rents and should therefore be heavily taxed.

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Definitions:

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable by holding other relevant factors constant.

Quantity Changes

Variations in the amount of goods or services produced or consumed in response to changes in market conditions, such as price or consumer preference.

Price Changes

Variations in the cost of goods or services in the market over time.

Ockham's Razor

A principle stating that in explaining a thing, no more assumptions should be made than are necessary.