Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is not true of land, as defined in economics? (HINT: Not C) a. Includes any buildings constructed on it b. Refers

Which of the following is not true of land, as defined in economics? (HINT: Not C)

a. Includes any buildings constructed on it

b. Refers to the physical space necessary for the operation of an economic activity

c. Can be a river or a lake

d. Includes any permanent improvements made to it

e. Can be a vacant city lot

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Stephen D. Williamson

6th Edition

013447211X, 134472119, 978-0134472119

More Books

Students also viewed these Economics questions