Economic rent ?
Correct answer: B. are the payments above the minimum essential to attract the resources to the market?
- A. is productive activity to obtain private benefit from public action and resources
- B. are the payments above the minimum essential to attract the resources to the market?
- C. is the wage used to pay unskilled workers?
- D. does not include monopoly profits
Explanation
Economic rent is the payment to a factor of production above the minimum required to keep it in its present use. It can include returns associated with scarcity or monopoly power, so option d is incorrect.
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