Words of Henry George about Economic Rent

Henry George believed that: (1) landowners deserve the economic rent that their land holdings provide. (2) a single tax on land equal to the unearned surplus would pay for all needed government. (3) economic inefficiency would result from a tax on the unearned surplus that landowners receive annually. (4) landowners bear most of the costs connected with economic growth. (5) taxation was inefficient in raising revenues.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Microeconomics

Q : Examples of command economies Give the

Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.

Q : Transactions increment and moves in

Transactions increase and demand prices move below supply prices while a good turns into: (w) subsidized by the government. (x) subject to a high sales tax. (y) more technologically advanced. (z) a complementary by pr

Q : Cost of inputs in Determinants of demand

I have a problem in economics on Cost of inputs in Determinants of demand. Please help me in the following question. The entire given are determinants of demand apart from. (i) Taxes and preferences. (ii) The cost of inputs. (iii) Price expectations.

Q : Revenue when short-run losses minimize

To minimize short-run losses, then a firm’s revenue should at least cover its short-run total as: (w) explicit costs. (x) fixed costs. (y) variable costs. (z) implicit costs. Hey friends please give your opin

Q : Horizontal demand curve facing purely

The demand curve facing a purely competitive firm is: (w) horizontal. (x) vertical. (y) downward sloping. (z) the horizontal summation of individual demand curves. Can someone explain/help me with best solution abo

Q : State the meaning of Inflationary Gap

State the meaning of Inflationary Gap: This refers to the amount by which the real aggregate demand exceeds the level of aggregate demand needed to establish full employment equilibrium.

Q : Non discriminating firm-monopsony power

The non discriminating firm with monopsony power in labor market confronts the: (1) Wage rate which consistently surpasses the marginal revenue. (2) MRP less than w. (3) MFC which surpasses w. (4) Monopolistic seller of firm's output. (5) MRP more tha

Q : Jurisdictional Strikes The Taft-Hartley

The Taft-Hartley Act prohibited strikes against a firm over the issue of which of the two or more competing unions would symbolize the firm’s employees. These strikes are termed as: (i) Jurisdictional strikes. (ii) Strategic representation strikes. (iii) Wildcat

Q : Monopolists maximize profits Maximizing

Maximizing the net social benefits from a specified stock of resources does NOT need that: (i) price equals marginal cost for all goods. (ii) marginal social benefit equals marginal social cost [MSB = MSC]. (iii) no one can be made better off unless s

Q : Variation in price elasticity as price

The only supply curve which has price elasticity which varies as the price of output increases is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1460025 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1931755
Asked

3,689

Active Tutors

1460025

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment