Which of the following would an economist classify as physical capital?
A) 100 shares of Microsoft stock
B) A $50 bill
C) A credit card
D) A lawyer's laptop
E) A bauxite mine in Jamaica
Correct Answer:
Verified
Q1: The fact that people have unlimited wants
Q10: The problem of scarce resources:
A)means that there
Q11: Michigan has an abundant supply of fresh
Q16: Which of the following statements regarding the
Q17: Scarcity:
A)applies to a brain surgeon but not
Q18: A resource is something that:
A)is used to
Q19: Which of the following is the fundamental
Q29: Natural resources are
A)not considered scarce because no
Q37: In economics, capital is defined as
A)natural resources,
Q204: Which of the following is the best
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