In the United States,the Productive Factor That,as a Group,receives the Largest

question 3

Multiple Choice

In the United States,the productive factor that,as a group,receives the largest fraction of the nation's total income is

• A) labor.
• B) capital.
• C) consumption goods and services.
• D) entrepreneurship.
• E) land.

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Definitions:

Cause of Action

A set of facts sufficient to justify a right to sue to obtain money, property, or the enforcement of a right against another party.

Breach of Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.

Intended Beneficiary

An individual or group for whom a contract is specifically designed to benefit.

Promisor

The person who makes a promise or agreement to do something, especially in a contract.