Which of the following would not be considered "capital" in economics?
a. A delivery van used by Federal Express
b. $500 in currency.
c. A microprocessor factory
d. In economics, both (a) and (c) are considered capital.
d
Economics
You might also like to view...
What term is used to describe the lowest point of a business cycle?
A) peak B) trough C) expansion D) recession
Economics
Price ceilings result in shortages
Indicate whether the statement is true or false
Economics
The decisions Apple makes in determining production levels for its iPhone is an example of a microeconomic topic
Indicate whether the statement is true or false
Economics
In competitive price-taker markets, firms
a. can sell all of their output at the market price. b. produce differentiated products. c. can influence the market price by altering their output level. d. are large relative to the total market.
Economics