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