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The surplus earned by manmade appliances and instruments of production in the short period is
Question

The surplus earned by manmade appliances and instruments of production in the short period is

A.

Scarcity rent

B.

Contract rent

C.

Quasi rent

D.

Economic rent

Correct option is C

In the short run, the surplus generated by human-made machines, equipment, and production tools is called artificial scarcity."

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