What are the names of the factor payments?
A)Consumption spending and investment spending.
B)Wages and profits.
C)Wages,interest,and profits.
D)Wages,interest,rent,and profits.

Question

Quizplus · Accepted Answer

Factor payments refer to the payments made to the factors of production, which are land, labor, capital, and entrepreneurship. The names of the factor payments include wages (for labor), interest (for capital), rent (for land), and profits (for entrepreneurship). Therefore, the best choice is D, which includes all of the factor payments.

What Are the Names of the Factor Payments