macroecon

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Which of the following are considered by economists to be "land"?

I. The 50 acres he uses to grow corn
II. The 40 acres he uses to graze sheep
III. The 10 acres on which he has built his house and barn
IV. The sheep that graze on his farm
V. His house and barn

  • macroecon -

    The first three are "land."

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