When economists refer to capital, they might mean
a. money
b. human skills used in production
c. stocks
d. bonds
e. bank loans
B
Economics
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Describe the main ideas of endogenous growth theory. What does it have to say about the role of government in economic growth?
What will be an ideal response?
Economics
Inflation interferes with the functions of money. Which of the three functions is impaired, even when the inflation rate is quite low? Considering higher rates of inflation, which function is affected next?
Which function of money is the last to suffer substantial damage from inflation?
Economics