To Say That Land Rent Performs No Incentive Function Means

question 209

Multiple Choice

To say that land rent performs no incentive function means that

• A) higher rental payments will not bring forth a larger quantity of land.
• B) rent is not a cost to specific firms, but it is a cost from the standpoint of the economy as a whole.
• C) rent does not allocate land in terms of productive efficiency.
• D) rent tends to allocate land into the most productive uses.

---

Definitions:

Loyalty Oath

A pledge of allegiance or faithfulness to a particular group, organization, or sovereign, often required to ensure trust and loyalty.

Father Figure

A man who provides guidance, support, and protection, often serving a role model, but not necessarily one's biological father.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory of psychosocial development across eight stages in life.

Developmental Stages

The distinct phases through which individuals typically pass as they grow and mature, each stage marked by specific developmental tasks.