109. (1.) What connection exists between the price of agricultural products and the amount of rent paid? (2.) Can rent affect the price?
110. “Rent is the effect and not the cause of price.” Prove this.
111. Does rent enter into the cost of production of the following commodities or not, and why: Corn, cloth, the wine of the best vineyards?
112. “Rent arises from the difference between the least fertile and the most fertile soils, and from the fact that the former have been taken into cultivation.... Rent is the difference between the market price of produce and the cost of production.” Harmonize these statements.
113. In order that the actual payments made by farmers to landlords should generally correspond with “economic rent,” what conditions must be observed?
114. What is assumed, as to competition, in all Mr. Mill's reasoning on wages, profits, and rent? Explain its action in each case.
Value.
115. Enumerate, compare, and criticise any opinions known to you which have been held concerning the nature, origin, or measure of value in exchange.
116. Define precisely what it is which gives value to objects, and point out the causes which vary the value of the same object under differing circumstances.
117. Do men dive to the bottom of the sea to get pearls because they are valuable; or are pearls valuable because men must dive to the bottom of the sea to get them?