Wages are paid to ________ and interest is paid to ________
A) entrepreneurs; capital
B) labor; capital
C) labor; land
D) entrepreneurs; land
E) labor; entrepreneurs
B
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Fiscal policies that move the economy toward potential GDP without a change in policy are called
A) spending stabilizers. B) economic stabilizers. C) GDP stabilizers. D) routine stabilizers. E) automatic stabilizers.
If the level of government spending rises and simultaneously there is a fall in the money stock, we definitely know that
a. income will rise. b. the change in the interest rate will be ambiguous. c. income will fall. d. the interest rate will fall. e. None of the above
If the money rate of interest is 9 percent and the real rate of interest 6 percent, the inflationary premium is
a. 3 percent. b. 6 percent. c. 9 percent. d. 12 percent.
?The following figure shows the total cost and total revenue curves of a firm. The firm maximizes profit at an output represented by _____.
a. ?point c b. ?point d c. ?a point beyond point d d. ?point a e. ?point b