Which of the following is an example of income?
a. labor
b. rent
c. capital
d. land
b. rent
Economics
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Payments to a factor of production in excess of the minimum payments necessary to call it into existence constitute
a. consumers' surplus b. rent c. a golden parachute d. an efficiency wage
Economics
Mutual interdependence among firms is one of the key characteristics of an oligopoly market that distinguishes it from the other three major market structures
Indicate whether the statement is true or false
Economics
Money is an invention of government
Indicate whether the statement is true or false
Economics
The most appropriate level of government to provide public goods is:
A. dependent on the specific public good in question. B. local. C. state. D. federal.
Economics