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    Economics Today Study Set 1
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    Exam 21: Rents, Profits, and the Financial Environment of Business
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    A Payment for a Resource Above the Opportunity Cost of the Resource
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A Payment for a Resource Above the Opportunity Cost of the Resource

Question 407

Question 407

Multiple Choice

A payment for a resource above the opportunity cost of the resource is


A) economic rent.
B) social rent.
C) nominal rent.
D) real rent.

Correct Answer:

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