(Table: Sales and Payments) Suppose That the Price of the Manufactured

question 65

Multiple Choice

(Table: Sales and Payments) Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural good. Wages in both sectors rise by 10%. What is the new value of the payment to capital?

• A) $700
• B) $650
• C) $600
• D) $500

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Definitions:

Drilling

The act of repeated practice or intense study, often used in educational or training contexts to instill knowledge or skills into memory through repetition.

Moral Actions

Actions that are evaluated as right or wrong based on ethical principles or societal norms.

Degree

A unit of measurement of angles or a level of achievement in education, often conferred by a university or college as evidence of completion of a course of study.

Intent

A determined purpose or aim; the intention behind an action.