What is the measure of the income received by owners of resources used in making final goods and services?
a. factor payments
b. product payments
c. indirect earnings
d. direct earnings
a
You might also like to view...
Iceland's real GDP grows at a rate of 2.6 percent and population grows at a rate of 0.8 percent. Iceland's real GDP per person grows at a rate of
A) 3.0 percent. B) 1.8 percent. C) 2.6 percent. D) 3.4 percent. E) 3.2 percent.
In the loanable funds market, if the real interest rate is higher than the equilibrium real interest rate,
A) the demand for loanable funds curve shifts rightward to restore the equilibrium. B) there is a surplus of investment. C) there is a shortage of loanable funds. D) the demand for loanable funds curve shifts leftward to restore the equilibrium. E) there is a surplus of loanable funds.
When people make decisions about the quantity of education to undertake, they balance the marginal social benefit against the marginal private cost
Indicate whether the statement is true or false
Under present U.S. law, marijuana is an example of
A) a government-sponsored good. B) a capital good. C) a public good. D) a government-inhibited good.