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Question #47888

The term ‘rent’ as it is used by economists. refers to ?

Options:

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: The term ‘rent’ as it is used by economists. refers to the return to any factor of production that is in fixed supply.

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