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Author Question: What are the payments each factor of production receives? What will be an ideal ... (Read 61 times)

lak

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on: Jun 30, 2018
What are the payments each factor of production receives?
 
  What will be an ideal response?

Question 2

The amount of consumption expenditure that takes place when income is zero is
 
  A) called induced consumption.
  B) called zero-based consumption.
  C) equal to zero.
  D) called autonomous consumption.
  E) equal to saving.


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dlook33

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Rent is paid for the use of land. Wages are paid for the services of labor. Interest is paid for the use of productive capital. Entrepreneurs earn a profit.

Answer to Question 2

D


lak

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cpetit11

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Reply 3 on: Yesterday
Excellent

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