third option is correct
We gain rent from land, labor earn wages, capital earns interest & entrepreneurship earns profit
Question 13 (3 points) Which of the following correctly matches the income payment with the resource?...
MATCHING Match the key terms with the descriptions. Demand for a resource determined by the demand for the product that resource produces. The more hours one is expected to work, the higher value one places on those foregone hours. Price determined by the interaction of the demand and supply of labor. The responsiveness of workers willingness to work for higher wages. Payment for a land resource. Minimum necessary payment the landowner will accept to get their land put to use....
E connect ECONOMICS Test 1 Non-Proctored Test < Question 13 (of 50) 13. 2.00 points Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the diagram. Flow 4 represents: O consumer expenditures. O wage, rent, interest, and profit income. O goods and services land, labor, capital, and entrepreneurial ability.
Question 13 (3 points) A problem in which you must calculate how much money you will have in the future as a result of investing a certain amount in the present is a: OA) present value of an annuity problem. OB) present value of a single amount problem. O C) future value of a single amount problem. O D) future value of an annuity problem. Previous Page Next Page Page 13 of 47 Submit Quiz 1 of 47 questions saved...
Question 13 (3 points) Which fiscal policy is likely to reduce the government's budget deficit? Contractionary fiscal policy Fiscal stimulus Expansionary fiscal policy O Automatic fiscal policy Page 13 of 30 Previous Page Next Page
Previous Page Next Page Page 4 of 3 Question 4 (3.3 points) Which of the following statements is most correct? The first payment under a 3-year, annual payment, amortized loan for $1,000 will include a smaller percentage (or fraction) of interest if the interest rate is 5 percent than if it is 10 percent. If you are lending money, then, based on effective interest rates, you should prefer to lend at a 10 percent nominal, or quoted, rate but with...
QUESTION 13 The Government can alter aggregate demand by: Purchasing more or fewer goods and services Raising or lowering taxes Changing the level of income transfers None of the above 4 points QUESTION 14 A bond is a certificate acknowledging a debt and the amount of interest to be paid over a period of time, until maturity of the bond, when repayment of the face value of the bond is due. True False 4 points QUESTION 15 Scarcity...
Previous Page Next Page Page 4 of 30 Question 4 (3.3 points) Which of the following statements is most correct? The first payment under a 3-year, annual payment, amortized loan for $1,000 will include a smaller percentage (or fraction) of interest if the interest rate is 5 percent than if it is 10 percent. If you are lending money, then, based on effective interest rates, you should prefer to lend at a 10 percent nominal, or quoted, rate but with...
Which of the following is NOT part of the income used in the income approach to measuring GDP? O A. wages O B. rent o C. interest O D. taxes paid by persons O E. profit
Economists refer to the payment to land as: Question 3 options: a) rent. b) interest. c) wages. d) profit.
Question 3 (2 points) Which of the following statements accurately describes the following reaction? Peptides + Dipeptides Perles Dipepidares > Free amino acids A-A-A A-A A A А A A Enzymatic digestion of proteins in the stomach by enzymes secreted by the pancreas Enzymatic digestion of proteins in the stomach by enzymes such as pepsin Enzymatic digestion of proteins in the small intestine by the enzyme trypsin secreted by the pancreas O two of the choices are correct none of...