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Which of the following statement(s) is/are CORRECT regarding the four factors of production? 1. If Nandi leases her land to Ninela, her reward will be

Which of the following statement(s) is/are CORRECT regarding the four factors of production? 1. If Nandi leases her land to Ninela, her reward will be profit. 2. In a bakery, the oven is an example of land. 3. The remuneration for capital is interest. 4. Natural resources such as crude oil are regarded as land. a. Statements 3 and 4 . b. Statements 2 and 4 only. C. Statements 1; 2 and 3 only. d. Statement 4 only

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