Risk is shifted to the owners of a firm. In return they receive

A) normal wages.
B) residual income.
C) normal profit.
D) marginal profit.

B

Economics

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The figure above shows the U.S. demand for labor curve. If there is a simultaneous increase in the nominal wage rate of 10 percent and a 10 percent increase in the price level, there will be a

A) movement upward along the demand for labor curve from a point such as C to a point such as B. B) leftward shift of the demand for labor curve. C) movement downward along the demand for labor curve from a point such as A to a point such as B. D) rightward shift of the demand for labor curve. E) None of the above answers is correct because there is no change in the demand for labor curve.

Economics

Until 1983, almost all U.S. national debt stemmed from financing wars or from the loss tax revenues that accompany recession

a. True b. False Indicate whether the statement is true or false

Economics