Multiple Choice
Rents
A) have no useful economic purpose.
B) have an allocative function since they help decide to which use a resource will be put.
C) have a distributional function since they affect incomes, but have no allocative function since the resource is in fixed supply.
D) have an economic purpose only if they are taxed and provide revenue to the government.
Correct Answer:
Verified
Correct Answer:
Verified
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