The payments to the factors of production are:
A) wages.
B) rent.
C) rent and interest.
D) wages, rent, interest, and profits.
Correct Answer:
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Q7: Macroeconomics studies the following topics:
A)national output, the
Q8: The circular-flow diagram illustrates that:
A)production generates income
Q9: Prostitution is made legal in the United
Q10: Which of the following is not included
Q11: An economy with only the household and
Q13: If GDP falls:
A)income and production must both
Q14: To compute GDP:
A)simply sum the number of
Q15: In an open economy firms sell goods
Q16: If GDP rises:
A)income and production must both
Q17: In a closed economy firms sell goods
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