Name the four factors of production and the incomes they earn. The factor of production and the factor of production O A. human capital earns wages; time earns profit B. land earns interest; labor earn profit C. land earns rent; labor earns wages O D. human capital earns wages; financial capital earns interest The factor of production and the factor of production O A. capital earns interest; entrepreneurship receives a profit or incurs a loss O B. money earns interest; initiative earns profit O C. investment earns interest; capital incurs depreciation O D. capital earns rent; entrepreneurship earns wages

Name the four factors of production and the incomes they earn. The factor of production and the factor of production O A. human capital earns wages; time earns profit B. land earns interest; labor earn profit C. land earns rent; labor earns wages O D. human capital earns wages; financial capital earns interest The factor of production and the factor of production O A. capital earns interest; entrepreneurship receives a profit or incurs a loss O B. money earns interest; initiative earns profit O C. investment earns interest; capital incurs depreciation O D. capital earns rent; entrepreneurship earns wages

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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