Wages Are Paid to _{--------------------} and Interest Is Paid To_{--------------------}

question 116

Multiple Choice

Wages are paid to _{--------------------} and interest is paid to_{--------------------} .

• A)entrepreneurs; land
• B)labor; entrepreneurs
• C)labor; land
• D)labor; capital
• E)entrepreneurs; capital

Calculate changes in consumer surplus due to shifts in price.

Identify the effects of market equilibrium changes on consumer and producer surplus.

Understand and analyze the relationship between supply, demand, and total surplus.

Interpret the impact of demand and supply shifts on total surplus.

---

Definitions:

Semiannual Interest

Interest that is calculated and paid twice a year on an investment or loan.

Bond Discount

The contrast in value between what a bond is worth in terms of its face value and the lesser amount it is sold for in the market.

Interest Method

A method used in finance to calculate the interest portion of a payment or the return on an investment over a period of time.

Semiannual Interest

Interest that is both computed and disbursed semi-annually on an investment or loan.