Which of the following is closest to the definition of capital?
a. c and e.
b. c and d.
c. Tools, equipment, means of transportation
d. Factories and machinery.
e. Borrowed money.
b
You might also like to view...
The higher the interest sensitivity of investment, the
a. less effective is monetary policy and the more effective is fiscal policy. d. more effective are both monetary and fiscal policies. c. less effective are both monetary and fiscal policies. d. less effective is fiscal policy and the more effective is monetary policy.
If a profit-maximizing firm is a price taker in the input market but not in the output market, its marginal value product of labor
a. exceeds the marginal revenue product of labor. b. equals its marginal revenue product of labor. c. is less than the marginal revenue product of labor. d. equals the marginal physical product of labor.