An example of physical capital is:
A. a construction worker's strength.
B. a scientist's knowledge of cellular biology.
C. Both of these are examples of physical capital.
D. Neither of these is an example of physical capital.
D. Neither of these is an example of physical capital.
Economics
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Compared to perfectly competitive firms, the demand curve for a monopolist will be
A) as elastic. B) more elastic. C) less elastic. D) perfectly elastic.
Economics
Negative externalities impose most of their costs:
a. directly on consumers of polluting processes. b. whenever individual health is harmed in the production process. c. only in large cities. d. on individuals other than consumers of the polluting product.
Economics