Match each factor of production with its reward.

Match each factor of production with its…

Question 57

EasyOriginal question

Match each factor of production with its reward.

List I	List II
A. Land	I. Profit
B. Labour	II. Interest
C. Capital	III. Wages
D. Enterprise	IV. Rent

A-IV, B-III, C-II, D-ICorrect answerYour answerA-IV, B-II, C-I, D-IIICorrect answerYour answerA-II, B-IV, C-III, D-ICorrect answerYour answerA-III, B-I, C-IV, D-IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Land earns rent, labour wages, capital interest, and the entrepreneur profit.

Concept: Factor incomes
Typical timeTypical: 60 s
Your timeYours: —

The rule this testsThe circular flow of income

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Question 57

Explanation