When economists refer to capital, they might mean
A)money
B)human skills used in production
C)stocks
D)bonds
E)bank loans

Name: When economists refer to capital, they might mean A)money B)human skills used in production C)stocks D)bonds E)bank loans
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Economists refer to capital as physical assets used in production, such as machinery or human skills, which are considered human capital. Money, stocks, bonds, and bank loans are financial instruments, not capital in the economic sense.

When Economists Refer to Capital, They Might Mean