Pure Economic Rent Can Exist Only When the Factor Under

question 111

Multiple Choice

Pure economic rent can exist only when the factor under consideration

• A)is something other than land.
• B)has a supply curve that is perfectly elastic.
• C)has a demand curve that is perfectly elastic.
• D)has a supply curve that is perfectly inelastic.

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Definitions:

Relaxed

A state of being free from tension and anxiety.

Conditioned Response

A learned response to a previously neutral stimulus that becomes associated with a conditioned stimulus through conditioning.

Dentist's Drill

A tool used by dentists to remove decay from teeth and prepare them for fillings.

Cringing

A physical or emotional reaction of discomfort, embarrassment, or fear, often characterized by shrinking back or cowering.