Which of the Following Statements Is Correct

question 88

Multiple Choice

Which of the following statements is correct?

• A) Rent performs an incentive function, but not a rationing function.
• B) Wage rate does not perform an incentive function in the supply of labor.
• C) Profits are payments to capital resource owners.
• D) Demand is the "active," and supply the "passive," determinant of land rent.

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Definitions:

Extraverted

Describing a personality trait characterized by outgoingness, sociability, and a high level of engagement with the external world.

Conform

The act of adjusting one's behavior or beliefs to align with the norms or standards of a group or society.

Self-esteem

An individual's overall subjective emotional evaluation of their own worth.

Self-efficacy

Self-efficacy is the belief in one's ability to succeed in specific situations or accomplish a task.