What is an economic rent as discussed by the author

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Reference no: EM131004815

Please answer the following questions and attach your answer as a word document. You may use the book to help craft your answer and there is no time limit other that it is due not later than the end of day, February 21, 2016.

Questions:

1. What is an economic rent as discussed by the author?

2. How have the existence of rents in the U.S. economy led to greater inequality of incomes and wealth in the U.S.?

This information must come from the book The Price of Inequality, Chapter 1-3.

Reference no: EM131004815

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