Economic rent serves

A) a descriptive function by making some wealthier than others, but serves no allocative function.
B) an allocative function by guiding available supplies to the most efficient use.
C) only to make the rich richer and the poor poorer.
D) no useful function in a modern economy.

B

Economics

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What are negative externalizes and positive externalizes? How do they affect supply and demand curves?

Please provide the best answer for the statement.

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How much is the tax?


A. $8
B. $6
C. $4
D. $2

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