Economists refer to the pattern of income that people derive from different factors of production as the:
A. factor price.
B. factor distribution of income.
C. factor stream of income.
D. expected future factor value.
B. factor distribution of income.
You might also like to view...
The Golden Age of fiscal policy was during _____
a. the 1920s b. World War II c. the Eisenhower years d. the 1960s e. the Reagan administration years
Government purchases include spending on goods and services by
a. the federal government only. b. state and federal governments only. c. local, state and federal governments. d. local, state and federal governments, as well household spending by employees of those governments.
Which of the following is a danger of high rates of inflation?
a. Price changes encourage long-term contracts at the expense of short-term contracts. b. Rapid price changes reduce uncertainty. c. Inflation increases the real value of assets, such as stocks and bonds. d. Inflation will encourage people to spend less time producing and more time trying to protect the value of their assets.
The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is most likely due to
a. differences in unionization rates. b. a compensating differential. c. differences in education requirements. d. apprenticeship requirements.