David Ricardo Used the Example of Land to Demonstrate the Concept

question 123

Multiple Choice

David Ricardo used the example of land to demonstrate the concept of rent, as the supply of land is

• A) perfectly elastic.
• B) relatively elastic.
• C) perfectly inelastic.
• D) negatively sloped.

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Definitions:

Phylum

A classification in the biological taxonomy that is below kingdom and above class, used to group organisms with a common plan of structure or development.

Phylum

A major classification of living organisms, ranking above class and below kingdom, that groups together organisms with a common basic structure.

Phylum

A rank in the biological taxonomy that is below kingdom and above class, used to group organisms that share basic structural or developmental characteristics.

Phylum

A level of classification in the biological taxonomy that groups together organisms based on a common plan of body structure or organization.