Since Workers in the U

question 320

Multiple Choice

Since workers in the U.S.economy receive most of the total income earned,which of the following factors of production is considered to be the most important?

• A) Profit
• B) Wages
• C) Interest
• D) Labor

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Definitions:

General Obligation Bond

A municipal bond backed by the full faith and credit of the issuing authority, with repayment guaranteed by the authority's ability to tax.

Revenue Bond

A type of municipal bond supported by the revenue from a specific project, like a toll road or public utility, rather than from tax revenue.

Secured Bond

A type of bond backed by the issuer's assets, providing a safeguard to bondholders by promising specific collateral in case of default.

Pass-through Bond

A type of security that pools investments and passes the income from these investments through to the investors.