Which of the Following Qualify as Part of Our Economy's

question 320

Multiple Choice

Which of the following qualify as part of our economy's capital income?

• A)wages paid to workers
• B)interest paid to the owners of corporate bonds
• C)rent paid on farmland
• D)All of the above are correct.

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Definitions:

Patent

Legal right granted by a government to an inventor, allowing them to exclude others from making, using, or selling their invention for a certain period of time.

Trademark

A legal designation that protects the exclusive use of a brand or product name.

Goodwill

The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.

Straight-Line Method

A method of calculating depreciation of an asset by evenly spreading the cost over its useful life.