Economic Rent Serves

question 32

Multiple Choice

Economic rent serves

• A) a descriptive function by making some wealthier than others, but serves no allocative function.
• B) an allocative function by guiding available supplies to the most efficient use.
• C) only to make the rich richer and the poor poorer.
• D) no useful function in a modern economy.

---

Definitions:

Virginia House Of Burgesses

The first democratically-elected legislative body in British North America, established in 1619, setting a precedent for representative government in the American colonies.

Representative Government

Representative government is a system of governance in which citizens elect representatives to make decisions and enact laws on their behalf, allowing for indirect participation in the political process.

Colony's Survival

The ability of a colonial settlement to maintain its population, manage resources, and develop structures for sustainable living in a new environment.

Pocahontas

A Native American woman notable for her association with the colonial settlement at Jamestown, Virginia, and her role in fostering peace between English settlers and Native Americans.