Which statement is NOT true about the factor distribution of income?
A) It is the division of total income among labor,land,and capital.
B) Labor receives the bulk of the income in the modern U.S.economy.
C) The returns to human capital are easily measured.
D) A part of the proprietor's income should be considered wages that the business owners pay themselves.
Correct Answer:
Verified
Q14: The category "compensation of employees":
A)includes the earnings
Q15: Manufactured resources such as equipment,buildings,and tools are
Q16: The demand for a factor of production
Q17: The demand for factors of production is
Q18: Human capital:
A)consists of man-made resources such as
Q20: Which factor is NOT associated with production
Q21: Which statement is TRUE?
A)The value of the
Q22: Which statement is TRUE?
A)The marginal product is
Q23: The amount by which an additional unit
Q24: If the extra output that is produced
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