Introduction to Economics 1 Deneme Sınavı Sorusu #1153640

I. Firms pay wage to the labor they use in production. 

II. The compensation for the use of capital is rent.

III. The price of using land is called interest. 

What can be said to be true for the given statements?


Only I

Only II

I and II

I and III

II and III


Yanıt Açıklaması:

I. Firms pay wage to the labor they use in production. (True)

II. The compensation for the use of capital is rent. (False, the compensation for the use of capital is interest.)

III. The price of using land is called interest. (False, the price of using land is called rent.)

The answer is A.

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