Defined narrowly as wages and salaries, labor's share of the national income is about
A) 70 percent.
B) 53 percent.
C) 42 percent.
D) 89 percent.
Correct Answer:
Verified
Q66: Pure, or economic, profit is
A) the amount
Q67: A normal profit is
A) the average profitability
Q68: (Consider This) The story about economist Irving
Q69: (Consider This) Entrepreneurs' singular focus on profit
A)
Q70: Effective usury laws
A) subsidize lenders.
B) penalize those
Q72: The largest single share of all income
Q73: (Consider This) The story about economist Irving
Q74: A major purpose of usury laws is
Q75: Economic profit might result from
A) easy entry
Q76: (Consider This) Entrepreneurs' focus on profit encourages
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