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Title: When economists refer to capital, they might mean Post by: Duhitzlitzy on Feb 27, 2018 When economists refer to capital, they might mean
a. money b. human skills used in production c. stocks d. bonds e. bank loans QUESTION 2 Economists classify all of the following as capital, except one. Which one is not capital? a. a 20 bill in a firm's petty cash drawer b. the building where our economics class meets c. a plumber's wrench d. a railroad car e. a factory QUESTION 3 Which of the following would an economist classify as capital? a. 100 shares of Microsoft stock b. a 50 bill c. a credit card d. a lawyer's personal computer e. a bauxite mine in Jamaica QUESTION 4 In economics, capital is defined as a. natural resources, such as water, oil, and iron ore b. the natural, unskilled abilities of people c. human creations used in the production process d. money and other financial assets e. the willingness of business owners to take risks QUESTION 5 Natural resources are a. not considered scarce because no one pays for them b. only desired for use in producing other goods c. included in the category of resources called gifts of nature d. available in unlimited quantities e. not considered scarce because they are not produced by society QUESTION 6 A resource is something that a. is used to produce goods and services b. is provided by nature, not made by society c. exists in unlimited quantities d. must be produced by a firm e. consumes goods and services Title: When economists refer to capital, they might mean Post by: hhenderson96 on Feb 27, 2018 Content hidden
Title: When economists refer to capital, they might mean Post by: Duhitzlitzy on Feb 27, 2018 Thank you
Can you answer the others that I've posted too? :sweat: Title: When economists refer to capital, they might mean Post by: hhenderson96 on Feb 27, 2018 I'll take a quick look at them
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