For a factor of production to be called capital it must:
A) be produced.
B) occur in the natural environment.
C) be a part of human skill.
D) be a result of a stock issue.
Correct Answer:
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Q1: The model that shows the goods and
Q2: The three broad types of resources used
Q3: The three broad types of factors of
Q4: One of the two criteria for a
Q6: A factor of production that has been
Q7: An example of capital is:
A) cash.
B) a
Q8: Human effort that can be applied in
Q9: To be considered capital, a factor of
Q10: Labor is the _ that can be
Q11: Any factor of production is capital if
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