If a Factor of Production Has No Alternative Uses, There

question 3

True/False

If a factor of production has no alternative uses, there is no efficiency gain from charging rent for its use.

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Definitions:

Biomass Energy

Energy produced by burning organic materials such as wood, crop waste, and biodegradable garbage.

Nitrous Oxide Emissions

are releases of N2O, a potent greenhouse gas, into the atmosphere, primarily from agricultural activities, combustion of fossil fuels, and industrial processes.

Land Requirement

The amount of land necessary for a specific purpose, such as agriculture, development, or conservation.

Renewable

Resources or energy sources that can be replenished naturally over time, such as solar or wind power.