In a Market System, Private Ownership of Land Does Not

question 33

Multiple Choice

In a market system, private ownership of land does not lead to which of the following results?

• A) Private owners will face no cost in using land for one purpose rather than another.
• B) Land rent reflects the opportunity cost of land.
• C) Land is allocated to its best possible uses.
• D) Private land ownership aids economic growth because land rents reflect changes in tastes and technologies.

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