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Basic Concepts & the Circular Flow · Question 58 of 72

Question 58

EasyOriginal question

The payment a firm makes to the owner of a building it rents for its office is

Options for question 58

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Payment for the use of land and buildings is rent.

  2. It pays for a service of a factor, so it is a factor payment.

Concept
Rent
Typical time
40 s
Your time
—
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.