Which of the following qualify as part of our economy's capital income?
a. wages paid to workers
b. interest paid to the owners of corporate bonds
c. rent paid on farmland
d. All of the above are correct.
b
You might also like to view...
How does time preference affect one's willingness to invest in human capital?
A) A higher rate of time preference tends to increase human capital investment. B) A higher rate of time preference tends to decrease human capital investment. C) A lower rate of time preference tends to decrease human capital investment. D) Economists have found no relationship between time preference and human capital investment.
Under adaptive expectations theory, people expect the rate of inflation this year to be:
A. zero, regardless of the rate last year. B. the same as last year. C. the rate based on predictable and fiscal policies. D. always higher than last year.