The factor of production called "land" can be defined as the:

A. earth and anything naturally occurring on or in it used to produce goods and services.
B. fraction of total costs spent on rent, lease, or mortgage.
C. earth and any structures on it that are used to produce goods and services.
D. area of the earth exchanged in the real estate market by businesses.


Answer: A

Economics

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Economists tend to see taxing an action that produces a negative externality as:

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Economics