Based on the relative size of factor payments, the most important resource in the U.S. economy is

A. capital.
B. land.
C. labor.
D. natural resources.


Answer: C

Economics

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When a firm's average revenue falls, the marginal revenue also falls and is less than the average revenue

a. True b. False Indicate whether the statement is true or false

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If aggregate demand intersects aggregate supply in the horizontal range of the aggregate supply curve, then, other things equal, an increase in government spending will:

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The law of supply and demand asserts that

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Economics