If the demand for land shifts upward, rents will be
a. earned by some land that was formerly unprofitable.
b. lost to many landowners.
c. diminished for society as a whole.
d. taxed away to help pay the costs of government.
a
Economics
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In which of the following situations is the political process likely to result in the inefficient and wasteful use of resources?
a. when the benefits are concentrated and the costs are concentrated b. when the benefits are concentrated and the costs widespread c. when the benefits are widespread and the costs are concentrated d. when the benefits are widespread and the costs are widespread
Economics
List and describe four factors that can contribute to economic growth
Economics