Professor Knight is famous for his theory of:
A) Rent
B) Profit
C) Population
D) Wages
Correct Answer:
Verified
Q4: Interest is paid because
A)Capital is scarce
B)Capital is
Q5: With decrease in price of bonds, rate
Q6: Every factor of production gets reward equal
Q7: According to Keynes, interest is a payment
Q8: In economics capital refers to:
A)Money
B)High quality goods
C)Trade
Q10: Profits:
A)Are residual payment
B)Are pre-determined
C)Are fixed contract
D)Are always
Q11: Profits:
A)Are lower in the long run than
Q12: Profits arise because an entrepreneur:
A)Prepares plan
B)Innovates
C)Lends money
D)Both
Q13: Gross profit does NOT include:
A)Rent of land
Q14: Some economists say that profit earner is
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