Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

Tom has started his own business, operating from premises owned by Fanda. All of the machinery is hired. Both Tom and Fanda work in the business. What term describes the earnings of Tom and Fanda?

  • ATom: rent and profit; Fanda: interest and profit
  • BTom: wages and profit; Fanda: wages and rent
  • CTom: interest and rent; Fanda: rent and profit
  • DTom: wages and interest; Fanda: wages and interest

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