Von Thünen's Second Conclusion Claims That for Any Given Product

question 94

Multiple Choice

Von Thünen's second conclusion claims that for any given product, the intensity of production decreases with which of the following?

• A) Decreasing distance from the market
• B) Increasing economic rent
• C) Increasing distance from the market
• D) Decreasing economic rent
• E) None of the above

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the buyer takes the risk regarding the quality and condition of the product.

Marketable Title

A title to real property that is free from significant encumbrances or defects, and thus can be sold or transferred easily to another party.

Liens

Legal claims or rights against property that secure the payment of a debt or the discharge of an obligation to the property’s owner.

Conditional Estate

A type of property ownership that is subject to certain conditions or events, which, if not met or occur, can alter or terminate the estate.