Which of the following is a capital resource?
a. a new car bought by the Jones family
b. a truck used in transporting school children to a soccer practice
c. a truck used in transporting steel to an automobile factory
d. hamburger meat used to produce a juicy hamburger on a home grill
e. a sapling used to create a forest in a new national park
C
You might also like to view...
There is a distinction between the long-run aggregate supply (LRAS) curve and the short-run aggregate supply (SRAS) curve. In the long run
A) the aggregate supply curve is horizontal, while in the short run it is upward sloping. B) all adjustments to changes in the price level have been made, but in the short run all changes in the price level do not occur. C) technology is fixed, but not in the short run. D) the price level is constant in the long run, but fluctuates in the short run.
The demand for a particular brand of automobile is likely to be more inelastic than the demand for automobiles in general
a. True b. False