Economics · Classical Theory
According to David Ricardo's theory of rent, what is assumed about land regarding its alternative uses?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Land is used only for residential purposes
- 2Land is used only for mining
- 3Land has no alternative use✓
- 4Land has many alternative uses
Correct answer
Land has no alternative use
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