Which of the following resource payments is considered by economists as surplus payments?
A) wages for labor
B) rent for land
C) interest for capital
D) profits for entrepreneurship

Question

Quizplus · Accepted Answer

Economists consider rent for land as a surplus payment because it is the payment for the use of land, which is a fixed supply resource. Rent is often seen as a surplus because it is not necessary to incentivize the supply of land, as land is naturally available.

Which of the Following Resource Payments Is Considered by Economists