Capital is defined as:
A) the vacant lot next to your factory.
B) the means to pay for your lunch.
C) the produced and durable input which is itself an output of the economy.
D) the political seat of a state.
Correct Answer:
Verified
Q11: Which of the following statements is true
Q12: Policy designed to assist individual families with
Q13: Capital is defined by economists as:
A)money needed
Q14: Barter is inconvenient because:
A)bargaining power is unequal
Q15: Which of the following is a negative
Q17: In a modern market economy, the "invisible
Q18: The tremendous increase in imports and exports
Q19: The economic role of government in mixed
Q20: Specialization entails:
A)interdependence.
B)division of labor.
C)need for exchange.
D)all of
Q21: An economy dominated by imperfect competition is
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