Which of the following would be an example of capital for a computer software firm? (i) the firm's computer programmers (ii) the wages the firm pays to its computer programmers (iii) computer equipment

Given that food production is crucial to an economy, why shouldn't governments subsidize farmers' water use?

What will be an ideal response?

Business cycles are best categorized as

(a) fluctuations in the production and employment levels in the business sector of the economy. (b) major upswings and downturns in most sectors of the economy. (c) variations in international trade. (d) all of the above.