The amount earned by owners of the nation's factors of production is

A) total income.
B) private and government transfer payments.
C) the wages and fringe benefits received by the nation's workers.
D) all profits received by businesses.


A

Economics

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Which of the following items is most likely to be an implicit cost of production?

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Economics

Which of the following would be expected to increase the demand for U.S. currency?

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Economics

Refer to Scenario 7.5 below to answer the question(s) that follow.SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.Refer to Scenario 7.5. Your economic profit last year was

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Economics