If X represents the factors of production and Y represent the factor price, whic...
Question
If X represents the factors of production and Y represent the factor price, which of the following sets of association is correct?
Options
A)
(land, rent) (capital, wage), (labour, profit)
B)
(land, interest) (capital,profit), (labour, wage)
C)
(land, wage), (capital, interest), (labour, rent)
D)
(land,rent), (capital, interest), (labour, wage)
Related Lesson: Land as a Factor of Production | Factors of Production
The correct answer is D.
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