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Economic Rent: Definition & Example Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is economic rent?

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1. Which of the following is one of the main reasons that economic rent occurs?

2. Why does economic rent matter?

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About This Quiz & Worksheet

Economic rent is a helpful concept to know in several types of situations, and this quiz/worksheet will help you test your understanding of what it is as well as its cause and significance.

Quiz & Worksheet Goals

In these assessments you'll be tested on:

  • The definition of economic rent
  • Causes of economic rent
  • The significance of economic rent
  • Your ability to compute this figure

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Defining key concepts - ensure that you can accurately define economic rent
  • Interpreting information - verify that you can read information regarding the importance of economic rent and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the causes of economic rent

Additional Learning

To learn more about economic rent, review the accompanying lesson called Economic Rent: Definition & Example. This lesson covers the following objectives:

  • Define economic rent
  • Explain opportunity cost and understand its relation to economic rent
  • Understand provided examples of economic rent
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