Which of the following is counted as "capital" in economics?

A) the money people have B) the wealth people have
C) the machines workers have to work with D) the labor force

C

Economics

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Individuals, firms, and nations should specialize in those activities which have the highest marginal cost

a. True b. False Indicate whether the statement is true or false

Economics

When there is a recessionary gap: a. Real output exceeds the natural level of real output. b. Real output equals the natural level of real output

c. Real output is less than the natural level of real output. d. Any of the above is possible.

Economics