The income people receive for supplying such things as land, labor, or capital
a. standard of living
b. privatize
c. economic system
d. self-interest
e. factor payments
Ans: e. factor payments
Economics
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In a Bertrand model with differentiated products,
A) firms can set price above marginal cost. B) firms set price at marginal cost. C) price is independent of marginal cost. D) firms set price independently of one another.
Economics
All of the following are possible outcomes of a financial crisis EXCEPT
A) bank failings and disintermediation. B) a recession. C) an increase in domestic consumption. D) depreciation or devaluation of a currency.
Economics