The payment to land is:
A) rent
B) profit
C) revenues
D) interest
Correct Answer:
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Q31: Microeconomics concerns:
A) the decisions of individual firms
Q32: The statement, "Gambling is legal in Nevada"
Q33: Scarcity is the fundamental concept of economics
Q34: Suppose that the demand for hamburgers in
Q35: The term, ceteris paribus, in economics means:
A)
Q37: The US is an example of:
A) a
Q38: A noneconomic good is also called:
A) a
Q39: The payment to management is:
A) interest
B) profit
C)
Q40: A command economy could NOT be:
A) a
Q41: Most farm families:
A) rely on off-farm income
B)
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