If All of the Returns to a Resource Are in the Form

question 2

Multiple Choice

If all of the returns to a resource are in the form of economic rent,

• A)the price of that resource is determined exclusively by supply
• B)the price of that resource is determined exclusively by demand
• C)the price and quantity of that resource are determined exclusively by supply
• D)the price and quantity of that resource are determined exclusively by demand
• E)the equilibrium price is zero

---

Definitions:

Calcium Supplement

Dietary supplements taken to ensure adequate intake of calcium, a vital mineral for bone health and proper functioning of the heart and muscles.

Hard Cheese

A type of cheese that has a firm texture and is often aged longer, resulting in a sharper and more pronounced flavor.

Methylphenidate

A central nervous system stimulant medication commonly used to treat Attention Deficit Hyperactivity Disorder (ADHD) and certain sleep disorders.

Nervousness

The feeling of being anxious, tense, or worried, often in anticipation of an event or in response to a stressful situation.