Profit is the payment for
a. land and labor
b. risk taking and innovation
c. capital and labor
d. risk taking and capital
e. all of the factors of production
B
Economics
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Which of the following is not a source of economies of scale?
a. Division and specialization of labor. b. Increase in output. c. More efficient use of capital. d. All of the above. e. Centralized marketing.
Economics
Changes in the ______________ rate of return will shift demand and supply for a currency.
a. historical b. expected c. actual d. immediate
Economics