A business owner receives which of the following types of payment in return for the willingness to accept risk and innovate?
A) wages
B) profit
C) rent
D) credit
Correct Answer:
Verified
Q11: Groups of people who live together and
Q12: What is earned by households in exchange
Q13: Households receive _ as payment for work
Q14: Wages are paid to households in exchange
Q15: Rents are paid to households in exchange
Q17: The payment made to the entrepreneurial economic
Q18: Rent is the payment that a household
Q19: In the circular flow model, households:
A) employ
Q20: In the circular flow model, households:
A) supply
Q21: In the circular flow model, a firm
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