Examlex
Which one of the following statements is correct concerning market efficiency?
Single Tax
A system where only one type of tax is levied, often proposed as a land value tax where only the value of land itself is taxed, excluding the value of buildings or improvements.
Land
A factor of production that refers to the natural resources used to produce goods and services.
Economist
A professional who studies, develops, and applies theories and principles of economics to understand how economies function and to inform policy.
Fixed Supply
A condition where the quantity of a good or resource available does not change, regardless of price.
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