In economics, man-made resources such as tools, equipment, and structures that are used to produce other goods and services are referred to as
a. consumer goods.
b. capital.
c. marginal goods.
d. infrastructures.
B
You might also like to view...
Refer to the above figure. Which panel shows the effect of an increase in the price of a good on the demand curve of that good?
A) Panel A B) Panel B C) both panels D) neither panel
Growing capital spending and privatization were two of the factors due to which the U.S. economy experienced a strong recovery in 1994
a. True b. False Indicate whether the statement is true or false
Making a decision at the margin is __________ an all-or-nothing decision
A) consistent with B) inconsistent with C) the same as making D) conditioned upon making
The existence of a monopoly:
A. benefits the consumer. B. creates more consumer surplus. C. benefits the monopolist. D. creates a gain of total surplus.