Asked by Shilpa Heald on Jun 24, 2024
Verified
Which of the following represent corresponding factor payments for labor and capital?
A) Land and rent
B) Perseverance and natural resources
C) Wages and interest
D) Natural resources and entrepreneurship
Wages And Interest
This refers to the payment to labor for their contribution to production and the payment made for the use of capital, respectively.
- Acquire knowledge of the essential rights and management practices in the private enterprise system.
Verified Answer
TF
Tyler FieldsJul 01, 2024
Final Answer :
C
Explanation :
Wages are the factor payment for labor, and interest is the factor payment for the use of capital.
Learning Objectives
- Acquire knowledge of the essential rights and management practices in the private enterprise system.
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