Which of the following is closest to the definition of capital?
A) Money in your bank account.
B) Factories and machinery.
C) Borrowed money.
D) The ability of an individual to create financial capital.
E) Lakes and lands.
Correct Answer:
Verified
Q10: Scarcity is a situation:
A) where people's needs
Q11: The three basic categories of resources are
Q12: The creative ability of individuals to combine
Q13: Which of the following is not a
Q14: Scarcity:
A) does not exist.
B) implies that people
Q16: Labour resources:
A) include only physical activities.
B) are
Q17: An entrepreneur is a motivated person who
Q18: Economists believe that scarcity forces everyone to:
A)
Q19: The perpetual state of insufficiency of resources
Q21: Which of the following is the best
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