An employee in a local shopping mall earns $9.00 per hour, the owner of heavy construction equipment receives $15,000 per month for the use of that equipment by contractors that build bridges and highways, and the owner of 5 acres of land receives $800 per month from a business that stores school buses on that land. These incomes are, respectively:
A) interest, profit, and rent.
B) profit, rent, and interest.
C) wages, interest, and rent.
D) wages, interest, and profit.
Correct Answer:
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A)
Q42: Which of the following statements is true?
A)
Q43: Which of the following statements is true?
A)
Q44: The incomes received by entrepreneurs, by labor,
Q45: The incomes received by the four factors
Q47: A student earns $8 per hour from
Q48: Wages are earned by:
A) owners of land.
B)
Q49: Interest is earned by:
A) owners of land.
B)
Q50: Rents are earned by:
A) owners of land.
B)
Q51: Distinctions between the different factor incomes are
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