All of the Following Are Incomes Earned in the Factor

question 270

Multiple Choice

All of the following are incomes earned in the factor market EXCEPT

• A) wages.
• B) prices of goods and services.
• C) profits.
• D) rents.

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Definitions:

Promissory Estoppel

A doctrine that applies when a promisor makes a clear and definite promise on which the promisee justifiably relies. Such a promise is binding if justice will be better served by the enforcement of the promise.

Promisor

An individual or entity that makes a promise to perform an act or fulfill an obligation as specified in a contract.

Obtained

Acquired or secured something, typically through purchase, request, or effort.

Degree

An academic award conferred by colleges and universities to signify the completion of a course of study.