Principles of Microeconomics (Second Edition)
2nd Edition
ISBN: 9780393623840
Author: Lee Coppock, Dirk Mateer
Publisher: W. W. Norton & Company
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Chapter 14, Problem 8QR
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Describe the difference between economic rent and rent seeking.
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Economists Conclude that a tax on the revenues of firms will be shifted in part to consumers of the products of those firms in the form of higher prices. However, they believe that a tax on the rent of land usually cannot be shifted and must be paid entirely by the landlord. What explains the difference?
Discuss Ricardo’ theory of rent
Briefly explain whether landlord play a key role in keeping the price of properties and land high
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Principles of Microeconomics (Second Edition)
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