Economics · Theories of Distribution
According to David Ricardo's theory, economic rent is defined as which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A return on direct capital investment in land
- 2An ex-post financial subsidy given to farmers
- 3A differential surplus derived from superior fertility✓
- 4A statutory tax imposed by the state
Correct answer
A differential surplus derived from superior fertility
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