McqMate
| 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. | |
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History of Economics ThoughtNo comments yet