As economists use the term, capital means
a. such things as machinery and equipment.
b. such things as money and credit.
c. the profits that come from hiring and using labor and natural resources.
d. All of these.
a. such things as machinery and equipment.
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Which of the following is NOT directly included in Canadian GDP?
A) bus tickets sold to tourists for a tour bus ride in Montreal B) the purchase of tickets to a Kanye West concert in Montreal C) the sale of tickets to the Vancouver Olympics to U.S. citizens D) gasoline purchased by a tour bus operator in Quebec E) All of the items would be included in Canadian GDP.
If a person is concerned that an additional $1,000 income will move him/her into a new tax bracket, that person is worried about the:
A. proportional rate. B. regressive tax rate. C. marginal tax rate. D. flat tax rate.
Currency traders expect the value of the dollar to fall. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market?
A) Demand for dollars will increase, and supply of dollars will decrease. B) Demand for dollars will increase, and supply of dollars will increase. C) Demand for dollars will decrease, and supply of dollars will increase. D) Demand for dollars will decrease, and supply of dollars will decrease.
In which of the decades below was the inflation-adjusted deficit largest?
A. The 1960s B. The 1940s C. The 1970s D. The 1950s