Economists who have studied the composition of "proprietor's income" have found that this income item is made up of
A) wages and profits, mostly wages.
B) interest and profits, mostly profits.
C) rent and interest, mostly interest.
D) wages and interest, mostly wages.
Correct Answer:
Verified
Q274: Economic profits
A)are identical to accounting profits.
B)must be
Q275: Defined narrowly as wages and salaries, labor's
Q276: Entrepreneurs mostly focus on a single number:
Q277: "Proprietor's income" refers to income received by
A)corporate
Q278: The share of total income for "capitalists"
Q280: If labor's share of the income paid
Q281: What explains differences in the economic rent
Q282: What is the pure rate of interest?
Q283: In what way are entrepreneurs residual claimants?
Q284: Suppose you borrow $500 and agree to
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