If the Price of Land Increases, Ceteris Paribus, Producers Will

question 47

Multiple Choice

If the price of land increases, ceteris paribus, producers will:

• A) find substitutes for land, when possible
• B) keep doing the same thing
• C) use more land, since it is more valuable
• D) use more land, since banks will extend more credit

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Definitions:

Western

Pertaining to or characteristic of the cultures, institutions, and thought originating from or associated with Europe and North America.

Anthony Giddens

A British sociologist who developed the theory of structuration and wrote extensively on contemporary society, modernity, and globalization.

Samuel Huntington

An American political scientist known for his "Clash of Civilizations" theory, which posits cultural and religious identities as the primary sources of global conflict.

Cultural Identity

represents the identity or feeling of belonging to a group based on shared cultural traits, heritage, language, religion, and traditions.