_{--------------------}earned the Highest Amount of Income Among the Factors of Production

question 185

Multiple Choice

_{--------------------}earned the highest amount of income among the factors of production in the United States.

• A)Investment
• B)Land
• C)Entrepreneurship
• D)Capital
• E)Labor

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Definitions:

Saving

The portion of income that is not spent on consumption or taxes, often set aside for future use or investment.

Disposable Income

Resources that become available for households for expenditure and saving activities following income tax deductions.

Induced Consumption

Consumption that increases when income increases and decreases when income decreases, reflecting consumers' responsive behavior to changes in income levels.

Disposable Income

The monetary flexibility households have for saving and spending after deducting income taxes.