Asked by
Jeremiah Harris
on Nov 29, 2024Verified
In general,a plot of land goes to
A) whomever the government designates.
B) the highest bidder.
C) the person who can make the best use of it.
Highest Bidder
Refers to the individual or entity that offers the most amount of money for an item or service in an auction or bidding process.
Land
Natural resources used to produce goods and services.
- Understand the variables contributing to the supply and demand conditions for land.
Verified Answer
DN
Learning Objectives
- Understand the variables contributing to the supply and demand conditions for land.