What are rent-seekers?
a. Migrants from rural areas who cannot find housing in urban areas
b. Firms that seek to extract monopoly rents by producing at low costs and selling at high prices
c. Usually poor residents in rural areas that demand land reform
d. Firms that use the government to extract savings from rural areas to fund production
b. Firms that seek to extract monopoly rents by producing at low costs and selling at high prices
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Identify and describe the three main types of public policies, providing one example of each
What will be an ideal response?
What is meant by "edge cities"?
A. cities built on the boundary of metropolitan areas often in unincorporated areas of counties B. the largest local region below the state C. a large city or municipality that serves as an economic and cultural center for a region D. the larger area surrounding a metropolis that is heavily influenced by the metropolis, generally consisting of suburbs and other smaller cities E. residential areas that are typically within commuting distance of a city