Asked by Lizbeth Garza on May 16, 2024
Verified
In a market system, the income earned by owners of natural resources is called interest income.
Interest Income
The earnings received from investments in vehicles such as savings accounts, certificates of deposit, or bonds, typically presented as a percentage of the investment's total value.
- Understand the significance of property rights within an economic framework.
Verified Answer
MB
Michella BrownMay 19, 2024
Final Answer :
False
Explanation :
The income earned by owners of natural resources is called rent, not interest income. Interest income is earned by owners of financial capital.
Learning Objectives
- Understand the significance of property rights within an economic framework.
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