Human capital is
A) what people get from physical capital.
B) the accumulation of skills, training and education of workers.
C) the value obtained from selling stocks and bonds.
D) the human resources that perform the function of raising capital.
Correct Answer:
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Q21: The existence of scarcity means that
A) there
Q23: Economic goods are
A) abundant goods, about which
Q24: All of the following are economic resources,
Q27: Scarcity affects
A) only rich people.
B) only poor
Q30: Scarcity exists because
A) the majority of people
Q33: Scarcity
A) exists in all human societies.
B) is
Q35: Extremely cold winter weather has destroyed oranges
Q37: The conversion of resources into consumer goods
Q39: In economic terminology, the accumulated training and
Q40: If the quantity desired of something exceeds
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