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If the police were totally successful in their patrol and crime prevention efforts,according to the textbook the ____________ division would be unnecessary.
Land
A factor of production that refers to the natural resources used to produce goods and services.
Economist
A professional who studies, develops, and applies theories and principles of economics to understand how economies function and to inform policy.
Fixed Supply
A condition where the quantity of a good or resource available does not change, regardless of price.
Economic Rent
Payment to a factor of production in excess of what is needed to keep that factor in its current use.
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