Which Factor of Production Is Paid "Interest

question 64

Multiple Choice

Which factor of production is paid "interest"?

• A) land
• B) labor
• C) capital
• D) entrepreneurship
• E) human capital

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Definitions:

Costs and Benefits

An analysis approach that compares the total costs and total benefits associated with a particular action or decision to determine its feasibility or worth.

Predictable Ways

Methods or patterns that can be anticipated or expected based on previous observations or known properties.

Incentives Matter

A principle that highlights the importance of rewards and penalties in influencing human behaviour and decisions in economics.

Basic Postulate

A fundamental assumption or principle that serves as a foundation for a system of theories, policies, or strategies.