Which of the following statements is true? a. The largest fraction of national income goes to wages
Question:
Which of the following statements is true?
a. The largest fraction of national income goes to wages and salaries for labor services.
b. The “price” of a productive factor is directly related to consumer demand for the final good or service.
c. Both (a) and (b) are true.
d. None of the above is true.
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