Question
In what for do households receive income from labor within a resource market?
• wages
• rent
•profit
• interest
• wages
• rent
•profit
• interest
Answers
GPT-4o mini
Households receive income from labor in the form of **wages**. Wages are the payments made to individuals for their work or services provided in the labor market.
The other terms you mentioned correspond to different sources of income:
- **Rent** is income households receive from leasing property or land.
- **Profit** is income earned by businesses after expenses are deducted from revenue.
- **Interest** refers to income earned on savings or investments, typically in the form of a percentage of the principal amount.
Only wages are directly related to income from labor in the resource market.
The other terms you mentioned correspond to different sources of income:
- **Rent** is income households receive from leasing property or land.
- **Profit** is income earned by businesses after expenses are deducted from revenue.
- **Interest** refers to income earned on savings or investments, typically in the form of a percentage of the principal amount.
Only wages are directly related to income from labor in the resource market.