Factor payments are
a. amounts paid to resource owners for the use of their resource
b. amounts paid for goods
c. another term for revenues
d. the amount households put into savings
e. payments made to workers who are employed only part time
A
You might also like to view...
When there's uncertainty as to the length of a game
A) cooperation still does not occur, because cooperation unravels at the beginning of the game. B) cooperation can potentially occur if trigger strategies are adopted. C) firms will cooperate because they treat the game as one that is infinitely repeated. D) firms will randomly pick among the Nash equilibria.
Suppose the cross-price elasticity of demand between quinces and muskmelons is 5 . Which of the following must be true?
a. Quinces are normal goods. b. Muskmelons are normal goods. c. If the price of quinces rises by $5, the demand for muskmelons will increase by 1. d. If the price of muskmelons rises by $5, the demand for quinces will increase by 1. e. Quinces and muskmelons are substitutes.
How well did the Federal Reserve Banks perform during the Great Depression?
(A) The Chair of the Board of Governors made bad decisions and directed the Federal Reserve Banks to act in harmful ways. (B) The Federal Reserve System skillfully guided the United States economy out of the Great Depression. (C) Individual governors of the Federal Reserve Banks disagreed over policy and were unable to stop the depression. (D) The Great Depression took place before the Federal Reserve System was established.
Which of the following represents a preventative measure against bank runs?
A. The President of the United States can order banks to pay depositors. B. The FDIC provides deposit insurance. C. The Federal Reserve can lower reserve requirements to ensure that banks have sufficient funds. D. None of these is correct.