Which of the following would not be considered physical capital?
A. A spotlight
B. An optical lens
C. A trained physicist
D. A clipboard
Answer: C
You might also like to view...
A budget line is the locus of all points representing every input combination of inputs that the producer can afford to buy with a given amount of money and given input prices.
Answer the following statement true (T) or false (F)
If the economy was producing at point D and moved to point C
A. the unemployment rate would decrease.
B. the production possibilities frontier would shift outward.
C. the production possibilities frontier would shift inward.
D. None of these choices are true.
If two individuals have identical schooling, their incomes will be equal.
Answer the following statement true (T) or false (F)
Between 1870 and 2010, among the United States, Germany, Japan, and Australia, ________ grew at the fastest rate and ________ grew at the slowest rate.
A. Japan; Australia B. Germany; United States C. Australia; Japan D. United States; Germany