Which of the Following Goods Is Likely to Have the Most

question 111

Multiple Choice

Which of the following goods is likely to have the most inelastic demand?

• A) restaurant meals
• B) air travel
• C) movies
• D) cigarettes

Understand fluvial processes and their importance in shaping the Earth's surface.

Recognize the global extent of sediment and sedimentary rocks covering the Earth's surface.

Compare and contrast the size and distribution of sand dunes in dry climates.

Examine the role of sediment transport in forming sedimentary environments.

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Definitions:

Single Tax

A fiscal policy advocating for a sole tax to be levied on a single source, often proposed as a tax on land value.

Economic Rents

Payments to a factor of production in excess of the cost needed to bring that factor into production.

Land Ownership

The legal right to possess, use, and control land.

Single-Tax Movement

A political and economic ideology that proposes a single tax, typically on land, to replace all other taxes.