Which of the following correctly matches the income payment with the resource?
A) rent-land; wages-labor; interest-capital; profits-entrepreneurship
B) profits-land; wages-labor; rent-capital; interest-entrepreneurship
C) taxes-land; interest-labor; rent-capital; profits-entrepreneurship
D) interest-land; taxes-labor; interest-capital; rent-entrepreneurship
E) rent-capital; profits-labor; wages-land; interest-entrepreneurship

Question

Quizplus · Accepted Answer

In economics, the factors of production (resources) are paid incomes for their use: rent is paid for the use of land, wages for labor, interest for capital, and profits for entrepreneurship. This matches option A correctly.

Which of the Following Correctly Matches the Income Payment with the Resource