According to the functional distribution of income, in the United States,
A) capital earns most of the income.
B) the income earned by capital and labor are approximately equal.
C) labor earns most of the income.
D) land earns most of the income.
E) entrepreneurs earn most of the income.
C
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It is common to see convenience stores open 24 hours a day even though many times late at night or in the early hours of the morning there are very few customers. What can explain this seemingly odd behavior?
What will be an ideal response?
Under a flexible exchange rate system, if the quantity supplied of dollars is less than the quantity demanded of dollars, there is a:
A) balance of payments deficit and the dollar would depreciate. B) balance of payments surplus and the dollar would depreciate. C) balance of payments deficit and the dollar would appreciate. D) balance of payments surplus and the dollar would appreciate.
In the market for resources, demand and supply:
a. do not behave in the same way as they do in product markets. b. behave in exactly the same way as they do in product markets. c. curves usually do not intersect at equilibrium. d. are both controlled by firms. e. are both controlled by households
A productivity increase is illustrated by a shift in the production function
a. downward. b. leftward. c. upward. d. rightward.