For the use of their capital in production, owners receive
a. wages.
b. rent.
c. interest.
d. profit.
c. interest.
Economics
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List the four ground rules for a well-functioning market
What will be an ideal response?
Economics
A risk-averse person's marginal utility of wealth
A) increases as wealth increases. B) decreases as wealth increases. C) is constant. D) is negative.
Economics
A perfectly competitive firm's marginal revenue curve is downward sloping
Indicate whether the statement is true or false
Economics
Refer to Table 20-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 14.3 B) 87.5 C) 114.3 D) 160
Economics