41. Which of the following correctly matches resources and their payments in the Circular Flow Model? I. Labor = wages, Land interest II. Entrepreneurship = profits, Labor= wages III. Capital rent, Land = profits IV. Investment - capital gains, Government taxes V. Labor = wages, Land rent Only statement I is correct. OOnly statements II and III are correct. OOnly statements III and IV are correct. COnly statements II and V are correct. Only statement IV is correct.
41. Which of the following correctly matches resources and their payments in the Circular Flow Model? I. Labor = wages, Land interest II. Entrepreneurship = profits, Labor= wages III. Capital rent, Land = profits IV. Investment - capital gains, Government taxes V. Labor = wages, Land rent Only statement I is correct. OOnly statements II and III are correct. OOnly statements III and IV are correct. COnly statements II and V are correct. Only statement IV is correct.
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter14: Investment, The Capital Market, And The Wealth Of Nations
Section: Chapter Questions
Problem 5CQ
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