In economics, the term physical capital
A) refers to funds used by businesses to acquire goods and services.
B) refers to all manufactured resources used for production.
C) refers to the process of raising funds through the stock market.
D) refers to the stock of merchandise already produced.
Correct Answer:
Verified
Q27: Scarcity affects
A) only rich people.
B) only poor
Q28: A drought has destroyed orange crops in
Q29: Physical capital is distinguished from human capital
Q30: Scarcity exists because
A) the majority of people
Q31: Human capital is
A) what people get from
Q33: Scarcity
A) exists in all human societies.
B) is
Q34: At a zero price, which of the
Q35: The conversion of resources into consumer goods
Q36: Scarcity implies that
A) people should limit their
Q37: Economic goods are defined as
A) tangible items
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