Economists define capital as the
A) accumulation of goods produced in the past that are being used in the present to produce new goods and services.
B) goods and services that are most affected by changes in technology.
C) factors of production that can be rented by firms.
D) factors of production that can be purchased by firms.
Correct Answer:
Verified
Q63: The U.S. economy has been very successful
Q75: The value of the marginal product of
Q81: Figure 18-11 Q82: Figure 18-11 Q83: Consider the market for capital equipment. Suppose Q85: Consider the market for capital equipment. Suppose Q86: Which of the following best describes the Q87: The owners of capital resources are compensated Q88: Which of the following would be an Q216: The wage is to the labor market
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents