Q
The term ‘rent’ as it is used by economists. refers to ?
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A
A. The return to any factor of production that is in fixed supply
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B
B. The profit earned by the owner of any housing unit.
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C
C. The amount paid each year by a tenant for an apartment
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D
D. Any profit earned by stockholders when they sell their stock
Correct Answer:
A. A. The return to any factor of production that is in fixed supply
