Economics (AS & A Level) · Oct / Nov 2021 · Paper 33 · Question 15
9708Labour market forces and government intervention
What is defined as 'the payment made to a factor of production over and above that necessary to keep the factor in its present use'?
- Aeconomic rent
- Bnormal profit
- Copportunity cost
- Dtransfer earnings
As printed in the paper
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Correct answer: A. economic rent
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