Multiple Choice
In economics, what is the definition of capital?
A) natural resources, such as water, oil, and iron ore
B) the natural, unskilled abilities of people
C) the buildings, equipment, and human skills used to produce goods and services
D) money and other financial assets
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Which of the following views might affect
Q22: Economists use theories to explain economic phenomena.How
Q23: What is a normative economic statement? <br>A) a
Q24: How does a good differ from a
Q25: What is the function of households in
Q27: The harnessing of wind by wind farms
Q28: In economics, which set of categories does
Q29: Economists believe that people respond in a
Q30: What is a hypothesis? <br>A) an assumption about
Q31: What does the adage "There's no such