Question

in what form do households receive income from labor within a resource market?

profit
wages
rent
interest

Answer 1

In a resource market, households receive income from labor in the form of **wages**. Wages are payments made by employers to employees in exchange for their labor and services.

To clarify the other terms:
- **Profit** refers to the income earned by businesses after all expenses have been deducted from revenue.
- **Rent** is income earned from property ownership, typically from leasing or renting out real estate.
- **Interest** is the payment made for the use of borrowed capital, typically associated with loans or savings.

So, specifically regarding labor, the correct answer is **wages**.