________ Paid for the Use of Land; ________ Paid for the Services

question 147

Multiple Choice

________ paid for the use of land; ________ paid for the services of labor; and ________ paid for the use of capital.

• A) Rent is; wages are; interest is
• B) Rent is; interest is; wages are
• C) Interest is; wages are; profit is
• D) Mortgages are; interest is; wages are
• E) Rent is; wages are; profit is

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Definitions:

Commercial Usage

The habitual practices and norms that are recognized and enforced among businesses in specific industries.

Deemed To Have Accepted

Considered to have agreed to or acknowledged something, typically by failing to object within a certain period.

Crates Of Strawberries

Containers used for the transportation and storage of strawberries, typically made of wood or plastic.

Ex-Ship

A term used in international trade that specifies the seller's obligation to deliver goods to a designated port of arrival, with risk transferring to the buyer once off-loaded.