Good evening please help me with this question from  my textbook. Question 1 Indicate whether each of the following statements is True or False. In each case, give a brief the explanation for your choice. Q.1.4 Free market economies are generally considered to be efficient and fair. Q.1.5 The term economic rent refers to the returns received by the government when people use government land.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter32: The Land Market And Natural Resources
Section: Chapter Questions
Problem 2E
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Good evening please help me with this question from  my textbook.

Question 1
Indicate whether each of the following statements is True or False. In each case, give a brief
the explanation for your choice.
Q.1.4 Free market economies are generally considered to be efficient and fair.
Q.1.5 The term economic rent refers to the returns received by the government when
people use government land.

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