Answer:
a) Consists largely of interest, dividends, and other income on foreign investments.
Explanation:
Factor income is all the income that we receive from selling at least one of the factors of production.
- Factor income received from land ⇒ rent
- Factor income received from labor ⇒ wages and salaries
- Factor income received from capital ⇒ profit
When we are calculating the balance of payments of a country, the factor income that we must include comes from capital invested in foreign countries and the income generated from capital is called profit and it consists mainly of interests and dividends.
If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.
<h3>
What is Factors of production?</h3>
Factors of production can be defined as factors, inputs or resources that contributed to the production of goods and services.
Labor, land , capital as well as entrepreneurship play a major role when it comes to production of goods and service as they are the factors that contributed to the production of goods and services which in turn means that they are essential.
Therefore If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.
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Answer: Assuming there are a fixed amount of seats in the stadium, all seats are available to be sold, and the price of tickets before the ceiling was at an equilibrium point above $50.
The price ceiling will create a <u>SHORTAGE</u> of tickets, which will be greater if demand is more <u>ELASTIC</u>, and <u>THE SAME NUMBER OF</u> people will attend the events. Group of answer choices