​Which of the Following Resources Earns the Highest Economic Rent

question 149

Multiple Choice

​Which of the following resources earns the highest economic rent as a proportion of total earnings?

• A)A resource specialized in one task
• B)A nonspecialized resource
• C)A resource with inelastic demand
• D)A resource with low demand
• E)A resource with elastic demand

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Definitions:

Pluralistic Society Model

A societal model that acknowledges and values diversity among its members, promoting peaceful coexistence and mutual respect among different cultures and groups.

Cultural Assimilation Model

A theory suggesting that individuals from minority groups gradually adopt the culture of the dominant group, losing their original cultural identity over time.

Multicultural Model

A framework or approach that recognizes, respects, and incorporates diverse cultural perspectives, experiences, and contributions in various contexts.

Reference Banks

Collections of information, resources, or data that are used for consultation or research purposes.