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
Correct Answer:
Verified
Q31: Profit is the payment made for land
Q32: The respective payments for the resources of
Q33: When economists refer to capital, they might
Q34: Because resources are scarce,
A)opportunity costs are zero
B)people
Q35: An entrepreneur
A)always makes a profit
B)starts with an
Q37: In economics, capital is defined as
A)natural resources,
Q38: Resources are used only in the production
Q39: "Natural resources" refers
A)bodies of water
B)trees
C)oil reserves
D)minerals
E)All of
Q40: Economists classify all of the following as
Q41: Choices made by economic decision makers
A)are government
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