Jane is a top-level executive earning a high salary. Jane has just ordered a luxury car only to be told that she will have to wait three weeks for it to be delivered. Which of the following statements is TRUE?
A) The car is not a scarce good.
B) The car is an economic good.
C) The car is human capital.
D) The car is an intangible good.
Correct Answer:
Verified
Q33: Scarcity
A) exists in all human societies.
B) is
Q37: The conversion of resources into consumer goods
Q39: In economic terminology, the accumulated training and
Q40: In economics, the term physical capital
A)refers to
Q40: If the quantity desired of something exceeds
Q41: A tractor used to prepare land for
Q46: Which of the following is NOT an
Q51: A man-made resource such as a building
Q53: Bonnie is a self employed. She makes
Q58: Naturally occurring diamonds are an example of
A)
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