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Ricardian Rent Quiz

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Ricardian Rent Quiz

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About this activity

Test your grasp of the Ricardian theory of rent.

Created by

Sowmya S .
Sowmya S .
India

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Ricardian Rent Quiz
 

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Ricardian Rent QuizOnline version

Test your grasp of the Ricardian theory of rent.

by Sowmya S .
1

What did Ricardo define rent as?

2

In Ricardian theory, what does land cost as a factor of production?

3

What is Scarcity Rent according to Ricardo?

4

Differential rent arises due to what?

5

Which land becomes marginal with no rent in the Ricardo model?

6

In Ricardian theory, rent is described as what kind of earnings?

7

Is price determined by rent or does rent depend on price in Ricardo’s view?

8

What assumption about land does Ricardo make?

9

What explains the increase in land prices in Ricardo’s Scarcity Rent?

10

What is the role of fertility differences in Ricardo’s theory?

 
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