Physical capital is distinguished from human capital because
A) physical capital refers to trained people.
B) physical capital refers to equipment and machinery, whereas human capital refers to trained people.
C) human capital refers only to day laborers.
D) physical capital refers to trained people, whereas human capital refers to equipment and machinery.
Correct Answer:
Verified
Q24: All of the following are economic resources,
Q25: Services can be thought of as
A) unvalued
Q26: Scarcity is
A) a shortage of goods and
Q27: Scarcity affects
A) only rich people.
B) only poor
Q28: A drought has destroyed orange crops in
Q30: Scarcity exists because
A) the majority of people
Q31: Human capital is
A) what people get from
Q32: In economics, the term physical capital
A) refers
Q33: Scarcity
A) exists in all human societies.
B) is
Q34: At a zero price, which of the
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