Identify and discuss the three types of capital.
What will be an ideal response?
Most economic systems use three types of capital, or resources, to produce goods and services. Natural capital includes resources and services produced by the earth's natural processes, which support all economies and all life. Human capital, or human resources, includes people's physical and mental talents that provide labor, organizational and management skills, and innovation. Manufactured capital, or manufactured resources, are tools and materials such as machinery, materials, and factories made from natural resources with the help of human resources.
You might also like to view...
?With a TFR of 4.7, Australia's population is growing more than twice as fast as any other continent.
Answer the following statement true (T) or false (F)
Secondary extraction of petroleum ________
A) uses solvents, water, or steam B) allows the oil to be extracted to the last drop C) occurs immediately after primary extraction D) is less expensive than primary extraction E) causes less environmental damage than tertiary extraction
Seattle, Washington is located at 47.5°N latitude and Boston, Massachusetts is located at 42.22°N latitude, so Seattle is farther north than Boston. Both cities border oceans, the Pacific Ocean in the case of Seattle and the Atlantic Ocean in the case of Boston. Both cities are in close proximity to a segment of the global thermohaline circulation system, the Japanese Current for Seattle and the Gulf Stream for Boston. Seattle, though, rarely experiences winter snowfall, whereas Boston often does. Why?
A. Winter storms approach Boston from the east driven by the warm thermohaline Gulf Stream. B. Winter storms approach Boston from the west that draw cold air southward from the Arctic. C. Winter storms approach Seattle from the west driven by the warm thermohaline Japanese Current. D. "A" and "B" combined provide the answer.
Which of the following rivers flows inside the Grand Canyon?
A) Nile River B) Colorado River C) Mississippi River D) Amazon River