Which of the following are capital goods?
a. land and raw materials
b. all manufactured goods
c. automobiles and houses
d. factories and machinery
e. all goods consumed by both firms and households
D
Economics
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Capital goods, like factories and machinery, are classified as intermediate goods
a. True b. False Indicate whether the statement is true or false
Economics
Lines at gas pumps were caused by _____________ in the 1970's.
A. price floors B. price ceilings C. market equilibrium D. increased demand
Economics