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In the introduction to Chapter 1 4 Labor Markets and Income, the authors state in a market economy like the United States, income comes
In the introduction to Chapter Labor Markets and Income, the authors state in a market economy like the United States, income comes from ownership of the means of production: resources or assets." More precisely, the authors say one's income is a function of which two things?
Question options:
A
the quality of each resource one owns, and the value you, yourself, place on those resources.
B
the quantity of each resource one owns, and the value society places on those resources.
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