The amount earned by owners of the nation's factors of production is
A) total income.
B) private and government transfer payments.
C) the wages and fringe benefits received by the nation's workers.
D) all profits received by businesses.
A
Economics
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A striking conclusion of the Solow model is that in the absence of productivity growth, in the long run
A) the economy reaches a steady state. B) consumption per worker equals the capital stock per worker. C) consumption per worker equals output per worker. D) consumption per worker equals investment per worker.
Economics
The result for the seller of being able to practice price discrimination will be
A) higher profits. B) lower demand elasticity. C) lower quantity sold. D) cost minimization.
Economics