The factor distribution of income reflects that:
A) land, labor, and capital are equally distributed.
B) most people receive their income based on their labor contribution.
C) most people receive their income based on their capital distribution.
D) land provides most income to the population.
Correct Answer:
Verified
Q290: When a person receives more education,his or
Q291: The firm's value of marginal product curve
Q292: Firms will continue to hire workers as
Q309: In the factor market for land,equilibrium rental
Q310: Derived demand for a factor means that:
A)
Q312: Use the following to answer questions:
Scenario: The
Q315: Although horses were once a very important
Q316: Use the following to answer questions:
Scenario: The
Q318: In a perfectly competitive labor market, the
Q319: Suppose a firm sells a good for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents