Economic Rent Is a

question 9

Multiple Choice

Economic rent is a

• A) payment above the minimum necessary to make an input available to the economy.
• B) price of an apartment or other leased building.
• C) tax imposed by the government on property.
• D) payment for free resources such as air and water.
• E) payment for an input that has many close substitutes readily available.

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Definitions:

Defence Mechanisms

Unconscious psychological strategies that protect individuals from anxiety and the perception of internal or external stresses.

Anxiety

A mood state characterized by worry, apprehension, and physical symptoms due to anticipation of a real or imagined threat.

Self-Deception

The process of denying or rationalizing away the relevance, significance, or truth of one's own thoughts, emotions, or beliefs.

Psychosexual Stages

Freud's theory of developmental stages through which a child's libido is focused on different erogenous zones from birth through adolescence.