Question 8 In economics, the term "capital" refers to buildings and equipment. mineral resources. the money in one's pocket. consumer goods.
Added by Julie O.
Close
Step 1
Step 1: The question asks what the term "capital" refers to in economics. Show more…
Show all steps
Your feedback will help us improve your experience
Haricharan Gupta and 78 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Human capital is: a. the equipment that companies use in the production process. b. the improvement of labor capabilities from training, education, and apprenticeship programs. c. included in entrepreneurial ability. d. included in the land resource.
Haricharan G.
Choose the term that best fits the definition. On a separate sheet of paper, write the letter of the answer. a. capital goods b. economics c. entrepreneur d. good e. human resources f. marginal g. market h. natural resources i. opportunity cost j. service An item you can see, feel, and touch that requires scarce resources to produce and satisfies human wants
The equipment of the coffee shop to produce cups of coffee, are what kind of goods or products? a. consumer goods b. either consumer goods or capital goods c. capital goods d. economic goods
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD