Question 1 Which is NOT determined by supply and demand? A. The wage rate B. The interest rate C. Rent D. Profits Question 2 Profits are a reward for risk-bearing would be a view held by: A. Joseph Schumpeter. B. Frank Knight. C. Henry George. D. Karl Marx. Question 3 __________ sees the entrepreneur as an exploiter of labor. A. Joseph Schumpeter B. Frank Knight C. Henry George D. Karl Marx Question 4 A change in rent will be brought about by a change in: A. the supply of land. B. the demand for land. C. both the supply of and the demand for land. D. neither the supply of nor the demand for land.
Back