Dead capital is
A. a capital resource associated with the defense industry.
B. a capital resource that is obsolete.
C. a capital resource that lacks a clear title of ownership.
D. a capital resource that is used to produce non-competitive products.
Answer: C
You might also like to view...
Explain the impact of capital deepening on workers
What will be an ideal response?
The current account is the record of
A) changes in the government's holdings of foreign currency. B) the nation's exports but not its imports. C) payments for imports, receipts for exports, net interest, and net transfers. D) a nation's international trading, borrowing, and lending. E) foreign investment in the nation minus the nation's investment abroad.
Which of the following characterizes the IACs?
A. high per capita GDP growth and high population growth B. low per capita GDP growth and low population growth C. low per capital GDP growth and high savings rate D. low human capital investment
If a firm in a perfectly competitive market faces the cost curves in the graph shown and produces at the profit-maximizing level of output, which of the following is true? A firm will:
A. make positive profits any time the price is greater than $15. B. lose money and shut down in the short run if price falls below $15. C. lose money, but continue to operate in the short run if price is at least $15. D. All of these are true.