The Economic Payment for Land Is Called

question 97

Multiple Choice

The economic payment for land is called

• A) interest.
• B) profit.
• C) rent.
• D) surplus.

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, including mineral deposits, crops, and water.

Savings Account

A bank account that earns interest in exchange for holding funds.

Gasoline Rises

An increase in the price of gasoline, typically due to factors like supply constraints, higher demand, or changes in taxes or regulations.

Public Transportation

A network of transportation methods like trains and buses that run according to a set schedule on predetermined paths and are open for public use.