The payment made to the entrepreneurial economic resource is called:
A) wages.
B) rent.
C) profit.
D) credit.
Correct Answer:
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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
Q16: A business owner receives which of the
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
Q22: If an entrepreneur wants the tightest control
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