Which of the Following Resource Payments Is Considered by Economists

question 124

Multiple Choice

Which of the following resource payments is considered by economists as surplus payments?

• A) wages for labor
• B) rent for land
• C) interest for capital
• D) profits for entrepreneurship

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Definitions:

Nicola Pisano

A pioneering Italian sculptor of the 13th century known for his classical style that influenced the development of Italian Renaissance art, especially in sculpture.

Arena Chapel

Also known as the Scrovegni Chapel, a small church in Padua, Italy, famous for its extensive fresco cycle by Giotto, a masterpiece of early Renaissance art.

Italian City

A term referring to any of the cities in Italy, often noted for their rich history, culture, and contributions to art, architecture, and cuisine.

Padua

A city in northern Italy, known for its historic university, beautiful architecture, and art.