Millionaire Mode

Economic Rent and Resource Extraction

Question 1 of 15

What is economic rent in the context of resource extraction?

  1. The payment made to the owner of a resource for its use.
  2. The difference between the price of a resource and its cost of production.
  3. The profit earned by a resource extraction company.
  4. The tax levied on resource extraction activities.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000