Q.

The French Physiocrats believed land was the only thing that could produce a net product, this net product was the surplus generated from land. Physiocrats concluded that a reasonable measure of a society’s net product is:

A. the number of houses built in one year.
B. land rent.
C. rent paid to landlords by people living in apartments.
D. the amount of taxes collected in one year.
Answer» B. land rent.
1.2k
0
Do you find this helpful?
1

Discussion

No comments yet