pls solve this ques within 15-20 minutes with a complete explanation I'll give you multiple votes. 41. Which of the following correctly matches resources and their payments in the Circular FlowModel?I. Labor = wages, Land = interest!3!II. Entrepreneurship profits, Labor = wages%3DIII. Capital = rent, Land profits!!%3!IV. Investment= capital gains, Government taxesV. Labor = wages, Land rent%3DCOnly statement I is correct.Only statements II and III are correct.OOnly statements III and IV are correct.COnly statements II and V are correct.OOnly statement IV is correct.

The circular flow of income, also known as the circular flow, is an economic model in which…

41. Which of the following correctly matches resources and their payments in the Circular Flow Model? I. Labor = wages, Land interest II. Entrepreneurship = profits, Labor= wages III. Capital rent, Land = profits IV. Investment - capital gains, Government taxes V. Labor = wages, Land rent Only statement I is correct. OOnly statements II and III are correct. OOnly statements III and IV are correct. COnly statements II and V are correct. Only statement IV is correct.

41. Which of the following correctly matches resources and their payments in the Circular Flow Model? I. Labor = wages, Land interest II. Entrepreneurship = profits, Labor= wages III. Capital rent, Land = profits IV. Investment - capital gains, Government taxes V. Labor = wages, Land rent Only statement I is correct. OOnly statements II and III are correct. OOnly statements III and IV are correct. COnly statements II and V are correct. Only statement IV is correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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