One of the two criteria for a resource to be considered capital is that it must:
A) occur naturally.
B) be part of a factory or building.
C) be a skill or talent possessed by a person.
D) be possible to use it to produce other goods and services.
Ans: D) be possible to use it to produce other goods and services.
Economics
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What, according to neoclassical growth theory, is the fundamental cause of economic growth?
What will be an ideal response?
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A price ceiling will be binding only if it is set a. equal to the equilibrium price
b. above the equilibrium price. c. below the equilibrium price. d. either above or below the equilibrium price.
Economics