Which of the following accurately describes how earnings from capital eventually get paid to households?
a. Households can own a stock of capital and rent it to firms.
b. Households lend money to firms, who then pay interest to the households.
c. Households that own stock in firms receive dividends.
d. All of the above are correct.
d
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Use the following graph to answer the next question. The graph suggests that the GDP price index during the period shown was generally ________.
A. decreasing B. positive C. constant D. increasing
Explain why the labor supply curve is positively sloped. Explain why labor demand is downward sloping
What will be an ideal response?
In a market where the equilibrium price is $7, any price higher than $7 would cause
a. a balanced demand and supply b. an excess supply c. an excess demand d. none of the above
U.S. Gross National Product includes goods produced by:
A. foreign firms on U.S. soil. B. U.S. firms on foreign soil. C. foreign firms on foreign soil. D. None of these statements is true.