Which of the following statements is true about profit-related income?
a. It results from hiring workers below the marginal contributions they make to the enterprise
b. It consists of rents derived from the sole ownership of capital.
c. It is the reward for undertaking the uncertainties of enterpreneurship.
d. It equals the entrepreneur's opportunity costs of labor and money capital.
e. It is the same as wage-related rents, except it is the entrepreneur who gets it.
C
Economics
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Rural-urban migrants differ from the rest of the rural population in that they are more likely to be
(a) well educated (b) poor (c) female (d) all of the above
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Which of the following is not an example of a graph of a single variable?
a. a pie chart b. a bar graph c. a time-series graph d. a scatterplot
Economics