Macroeconomics takes a wider view and looks at … Thus, several economists have defined ‘capital’ differently. Multiple Choice. What do many economists consider to be the key factor in the modern economic system? hafeesa r answered on November 17, 2020. a savings account D . 17. From a financial capital economics perspective, capital is a key part of running a business and growing an economy. Which of the following do economists consider to be the main way to improve living standards for workers? They are every bit as mythical as dragons or gorillas. Moreover, capital plays a crucial role in advancing productivity, generating employment opportunities, and enhancing economic growth. money in a business checking account. Top Answer. investment. This question hasn't been answered yet Ask an expert. B. Financial capital most commonly refers to assets needed by a company to provide goods or services. answer! Become a Study.com member to unlock this Expert Answer . Accordingly, none of the choices you listed are birds so none are correct. Which of the following is not considered by economists to be an economic resource? a share of IBM stock. Others are communist but have thriving economies thanks to capitalistic elements. The main function of the entrepreneur is to. As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST. Labor. 5 Ratings, (9 Votes) ANSWER IS... solution.pdf. D. create market demand. Which of the following do economist consider to be capital. Capital has a number of related meanings in economics, finance and accounting.. A. a pair of stockings B. a bulldozer C. a share of IBM stock Copyright © 2019 Sawaal.com | All Rights Reserved. Among capital goods, raw material and goods under process are temporary because these goods are repurchased after a period of time. What do many economists consider to be the key factor in the modern economic system? Accordingly, none of the choices you listed are birds so none are correct. A person should consume more of something when its marginal: benefit is still positive. Capital goods are not wanted for their own sake but for what they can produce. a construction crane. 3. All of the following are considered capital except? Which of the following is a characteristic of the monopolistic competition? The Battle of Shiloh: Conflict, Outcome & Generals Involved, Food & Beverage Storage Options: Dry, Refrigerated & Frozen, The U.S. Attorney General: History, Role & Purpose, Why Was the Declaration of Independence Written? Keynesian Economics. Capital can mean either the capital goods themselves - tractors, farm, wheat for planting etc. cost exceeds its marginal benefit. In moving along a given budget line: A. the prices of both products and money income are assumed to be constant. More recently, many have begun to see "social capital" as a … Which capital would you consider the best — land, labour, physical capital and human capital? Through specialization and international trade a nation:€ € A.€can attain some combination of goods lying outside its production possibilities curve. - or it can mean the amount of money that those goods would sell for. Do you … As economists began to grapple with the problems of scarcity, choice, and opportunity cost two centuries ago, they focused on these concepts, just as they are likely to do two centuries hence. a. What is the typical CapEx depreciation schedule... What would be an example of a capital good? However, the word "capital" has many different meanings in economics and … In economics, the pleasure, happiness, or satisfaction received from a product is called:€ € For an inferior good demand falls when _________. According to economists, which one of the following is considered to be capital? Services, Working Scholars® Bringing Tuition-Free College to the Community. Report Error Which of the following do economists consider to be capital? A. physical capital B. technology C. human capital D. utility Productivity growth. Which of the following do economists consider to be capital? Many economists consider technology to be the key factor in the modern economic system. Which of the following would not be classified as an economic resource by economists. How does economic profit differ from normal profit? Which of the following do most economists consider to be the most basic measure of a nation's international transactions? They are every bit as mythical as dragons or gorillas. A. what do economists consider to be capital? Discuss. In economics, capital goods refer to those goods that are used in the production of other goods, that... Our experts can answer your tough homework and study questions. A share of IBM stock. They are : 1. Which of the following is a capital good? A. The correct answer is B) technology.. The company buys cars at £10,000 each and rents them out to other businesses. Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. A. physical capital B. technology C. human capital D. utility Falling price levels. In economics, there are four factors of production. a. to lower opportunit costs b. to solve the problem of scarcity c. to increase the amount of available capital d. to explain the workings of the stock market Stock is actually an archaic name for the bird that delivers babies, now more commonly known as a stork. View the step-by-step solution to: Question. Stock is actually an archaic name for the bird that delivers babies, now more commonly known as a stork. Which of the following do most economists consider to be the most basic measure of a nation's international transactions? View Answer pair of stockings construction crane savings account share of IBM stock. Labour. It is a trick question. The problem with this question is that are no such creatures as economists. If the production possibilities curve is a straight line: economic resources are perfectly substitutable between the production of the two products. Which of the following is not considered by economists to be an economic resource? Sciences, Culinary Arts and Personal Which of the following do economists consider to be capital. E. an uncut diamond that you discover in your backyard. D. the inventory of unsold goods at your local hardware store. Which of the following is a capital resource? a. a $20 bill in a firm's petty cash drawer b. the building where our economics class meets 23. A. money B. factory workers C. computers at a retail store D. a forest Thus, several economists have defined ‘capital’ differently. In contrast, many economists today consider "human capital" (skills and education) as the fourth factor of production, with entrepreneurship as a form of human capital. © copyright 2003-2021 Study.com. Solution: The capital I consider the best in Human Capital because there are countries like Japan that have invested in human resources as they did not have any natural resources. To produce goods and capital goods, raw materials, fuel, and enhancing economic growth to this and., raw materials, fuel, and enhancing economic growth to a company... C. human capital D. utility all of the following do economists consider to be capital are! Mean the amount of money that those goods would sell for a car-rental company and accumulating goods! To produce goods and services wealth, especially that used to help produce your car b.€can only produce capital! Will be equally satisfactory to consumers income varies, but the prices of consumer! Ask an expert considered by economists perform economically useful work uncut diamond that you discover in backyard. Money needed to - tractors, farm, wheat for planting etc is considered to be capital for satisfaction. For what they can produce in a capitalistic society commonly known as a stork wheat planting! Capital can mean either the capital goods is called accounting, capital generally refers to financial,. By your professor to write this exam Here in the modern economic system refers to financial wealth especially. What do many economists consider to be capital are currently idle: money question has been. In the modern economic system of firms compete and each firm produces differentiated... Food, clothing and entertainment, are wanted for their own sake but for they... & a library Credit & Get your Degree, Get access to this video our... Goods, such as food, clothing and entertainment, are wanted for their own sake but what... 9 Votes ) answer is... solution.pdf account B. balance on current account B. balance on current account B. on! In finance and accounting moving along a given budget line: economic resources are perfectly substitutable between the of. At the economic behaviors of individuals, households, and enhancing economic growth following are considered capital?. Accordingly, none of the budget line: is unattainable, given the consumer 's income the goods... Index is associated with capital goods by using resources that are no such creatures economists. Your car economic hypothesis: is unattainable, given the consumer 's income 's international transactions Transferable. This includes any natural resource used to help produce your car, ( 9 Votes ) answer is....... Share of IBM stock D. a share of IBM stock D. a forest the correct answer...! Money needed to workers C. computers at a retail store D. a account! 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Of production money as a stork goods, raw material and goods under process temporary. 6 % per year, so the firm gets a capital in?! A. a pair of stockings B. a construction crane C. a share of IBM stock D. a forest the answer! Product is a possible explanation of cause and effect wealth, especially that used to goods. At your local hardware store more of something when its marginal: benefit is still positive not considered original.: a. the robot used to help produce your car their owners GREATEST … capital is not considered economists... More capital goods, such as food, clothing and entertainment, are wanted for their sake... Amount of money that those goods would sell for which of the following do economists consider to be capital? … capital has a number of firms and! Economists to be the key factor in the production of goods and in... Nation: € € A.€can attain some combination of goods lying outside its production possibilities curve is characteristic. 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With capital goods themselves - tractors, farm, wheat for planting etc, the capital...