Which of the following is not a payment made to households in exchange for the use of factors of production?
A)rent
B)interest
C)wages
D)taxes

Question

Which of the following is not a payment made to households in exchange for the use of factors of production?
A)​rent
B)​interest
C)​wages
D)​taxes

Quizplus · Accepted Answer

Taxes are not a payment made to households in exchange for the use of factors of production. It is a payment made by households to the government for the provision of public goods and services. Rent, interest, and wages are payments made to households for the use of their land, capital, and labor, respectively.

Which of the Following Is Not a Payment Made to Households