Dividing the nation's income among the factors of production, the largest percentage is paid to
A) labor
B) land
C) capital
D) entrepreneurship
E) labor and capital, with each receiving about 41 percent of the total income.
A
Economics
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Suppose that milk producers expect that the price of milk is going to drop next week. This would cause
A) a decrease in the supply of milk today. B) an increase in the supply of milk today. C) an increase in the demand for milk today. D) the selling price of milk to rise today.
Economics
The Bureau of Labor Statistics does not try to account for quality changes in the goods and services in the basket used to compute the CPI
a. True b. False Indicate whether the statement is true or false
Economics