Capital is a term economists use to refer to
A) man-made resources used to produce other goods and services.
B) resources that are available in nature such as mineral deposits.
C) money that is used to consume goods and services, to distinguish it from money that is saved.
D) the value of the best alternative to an action.
Correct Answer:
Verified
Q214: In economics, man-made resources such as tools,
Q215: Some individuals or families can become completely
Q216: Economics is primarily the study of
A) how
Q217: The basic ingredients in any economic decision
Q218: Economic choice and competitive behavior are the
Q220: Every economy must ration goods in some
Q221: When price is the rationing criterion, individuals
Q222: Economics is primarily the study of
A) how
Q223: An opinion based on personal preferences and
Q224: A fact based on observable phenomenon that
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