Physical capital is
A. the talents, training, and education of workers.
B. the factories and machinery used to produce other goods and services.
C. the financial resources available for investment.
D. the physical labor of workers.
Answer: B
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What will be an ideal response?
Which of the following statements is FALSE?
A) An increase in income causes an increase in the demand for a normal good. B) An increase in income causes a decrease in the demand for an inferior good. C) A decrease in income causes the demand curve for a normal good to shift to the left. D) An increase in income causes the demand curve for an inferior good to shift to the right.