Question

Which of the following transactions does not take place in a market for a factor of production? Select one:
a. Karl provides plumbing services for a plumbing company and receives an hourly wage from the company for his services.
b. Juanita works as a marriage counselor and her clients pay her on a per-hour basis for her services.
c. Trish owns several shopping malls and receives rent payments from the companies that operate those malls.
d. Ben sells advertising for a newspaper and receives a commission from the newspaper company for each advertisement that he sells.

Answer 1

Answer:

b. Juanita works as a marriage counselor and her clients pay her on a per-hour basis for her services.

Explanation:

Factor of production ,capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery. Capital is an important factor of production because it's what allows labor and land to be purchased