The factor of production _________, and the factor of production _______. A. money earns interest; initiative earns profit B. capital earns interest; entrepreneurship receives a profit or incurs a loss C. investment earns interest; capital incurs depreciation D. capital earns rent; entrepreneurship earns wages
The factor of production _________, and the factor of production _______. A. money earns interest; initiative earns profit B. capital earns interest; entrepreneurship receives a profit or incurs a loss C. investment earns interest; capital incurs depreciation D. capital earns rent; entrepreneurship earns wages
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 2SQ
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Question
The factor of production _________, and the factor of production _______.
money earns interest; initiative earns profit
capital earns interest; entrepreneurship receives a profit or incurs a loss
investment earns interest; capital incurs depreciation
capital earns rent; entrepreneurship earns wages
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ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning