MCQOPTIONS
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| 1. |
The term ‘rent’ as it is used by economists. refers to ? |
| A. | the return to any factor of production that is in fixed supply |
| B. | the profit earned by the owner of any housing unit. |
| C. | the amount paid each year by a tenant for an apartment |
| D. | any profit earned by stockholders when they sell their stock |
| Answer» B. the profit earned by the owner of any housing unit. | |