What are the respective payments for the resources of natural resources, labour, capital, and entrepreneurial ability?
A) interest, wages, profit, and rent
B) profit, rent, interest, and wages
C) rent, wages, profit, and interest
D) rent, wages, interest, and profit

Question

What are the respective payments for the resources of natural resources, labour, capital, and entrepreneurial ability?  
A) interest, wages, profit, and rent 
B) profit, rent, interest, and wages 
C) rent, wages, profit, and interest 
D) rent, wages, interest, and profit

Quizplus · Accepted Answer

Rent is the payment for the use of natural resources, wages are the payment for labour, interest is the payment for the use of capital, and profit is the reward for entrepreneurial ability.

What Are the Respective Payments for the Resources of Natural