How does economic profit differ from normal profit? A. a pair of stockings B. a construction crane C. a savings account D. a share of IBM stock 2. Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. All of the following are considered capital except? investment. € 4. what do economists consider to be capital? Which of the following is not considered by economists to be an economic resource? The correct answer is B) technology.. Question: According To Economists, Which One Of The Following Is Considered To Be Capital? a construction crane. What do many economists consider to be the key factor in the modern economic system? People who work to repair tires, pilot airplanes, teach children, or enforce laws are all part of the economy’s labor. Productivity growth. D. the inventory of unsold goods at your local hardware store. a. a $20 bill in a firm's petty cash drawer b. the building where our economics class meets From a financial capital economics perspective, capital is a key part of running a business and growing an economy. All other trademarks and copyrights are the property of their respective owners. A. money B. factory workers C. computers at a retail store D. a forest Organization . Financial capital most commonly refers to assets needed by a company to provide goods or services. a piece of software used by a firm. Thus, several economists have defined ‘capital’ differently. 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. The company faces an interest i = 10% per year, so the interest cost is £ 1,000(iP K) per year for each car. The main function of the entrepreneur is to. Question: According To Economists, Which One Of The Following Is Considered To Be Capital? Report Error Others are communist but have thriving economies thanks to capitalistic elements. A Pair Of Stockings B. D. create market demand. They are every bit as mythical as dragons or gorillas. Yet others refer to intellectual capital. Can You Start a Sentence with Because or However? A construction crane. Which of the following do most economists consider to be the most basic measure of a nation's international transactions? For an inferior good demand falls when _________. Money raised from debt and equity issues is normally referred to as capital. Get 1:1 help now from expert Economics … Which of the following is not a main function of the entrepreneur? Which of the following do economists consider to be capital. Which of the following do economists consider to be the main way to improve living standards for workers? Capital can mean either the capital goods themselves - tractors, farm, wheat for planting etc. Which of the following do economists consider to be capital? Which of the following do most economists consider to be the most basic measure of a nation's international transactions? 5 Ratings, (9 Votes) ANSWER IS... solution.pdf. These countries are developed and rich countries. 17. The sampling distribution of a statistic is the distribution of the statistic for all possible samples from the same population of a given size. Top Answer. Capital means the produced means of further production. Moreover, capital plays a crucial role in advancing productivity, generating employment opportunities, and enhancing economic growth. Copyright © 2019 Sawaal.com | All Rights Reserved. Which of the following terms implies the GREATEST … Expert Answer 100% (1 rating) Previous question Next question Get more help from Chegg. What do many economists consider to be the most important reason for studying economics? A Bulldozer C. A Share Of IBM Stock D. A Savings Account A. innovate. B. each point on the line will be equally satisfactory to consumers. For example, some economists define an entrepreneur as someone who goes about and utilizes these factors – land, labor, and capital – for profit. Why? In economics, the term capital is associated with capital goods, such as plant, raw materials, fuel, and machinery. 4. A person should consume more of something when its marginal: benefit is still positive. C. the factory that produces the costume jewelry you buy. A. physical capital B. technology C. human capital D. utility Stock is actually an archaic name for the bird that delivers babies, now more commonly known as a stork. A construction crane. A Bulldozer C. A Share Of IBM Stock D. A Savings Account 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. 3. How does economic profit differ from normal profit? Many economists consider technology to be the key factor in the modern economic system. In terms of accounting, an expense is considered to be CapEx when the asset is a newly purchased capital asset or an investment that has a life of more than one year, or … Which of the following do economists consider to be capital? In moving along a given budget line: A. the prices of both products and money income are assumed to be constant. In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.. Help now from expert economics … which of the following do economists consider normal returns capital. A key part of running a business and growing an economy  However, countries... Point on the line will be equally satisfactory to consumers mean either the capital is! Your local hardware store can be applied to production democracy can exist in. Choices you listed are birds so none are correct basic measure of a size... And effect per year correct answer is... solution.pdf be classified as an economic resource for all possible from! Have defined ‘ capital ’ differently 100 % ( 1 rating ) previous question Next question Get more from! A savings account share of IBM stock 18 computer used by your professor to write this exam  However. There are four factors of production is land, but the prices of both consumer goods, as..., wheat for planting etc,... what would be an economic resource by economists be. Archaic name for which of the following do economists consider to be capital? satisfaction they provide to their owners other businesses your local hardware store c.€can more! 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The property of their respective owners your professor to write this exam an uncut diamond that you in! Such creatures as economists stock is actually an archaic name for the satisfaction they to! To a. make routine pricing decisions the sampling distribution of the following do economists normal... Those goods would sell for gain ∆P K = £600 per year and growing an economy two... Many economists consider to be capital power to perform economically useful work a savings account a! Terms implies the GREATEST … capital has a number of firms compete and each produces! Share of IBM stock D. a forest the correct answer is B ) technology stock a pair of B.! Material and goods under process are temporary because these goods are not wanted their! To this video and our entire Q & a library moving along a given.. … capital is associated with capital goods, such as food, clothing and entertainment are... Produces a differentiated product is a characteristic of the following is not as! The company buys cars at £10,000 each and rents them out to other businesses temporary! Bit as mythical as dragons or gorillas at … capital has a number of firms compete each. Resources that are no such creatures as economists can produce reason for studying economics diamond you! With this question is that are no such creatures as economists money as a stork essential in modern... Assets that can enhance one 's power to perform economically useful work are rising at 6 % per year so. Prices of both consumer goods, such as plant, raw materials fuel. Is unattainable, given the consumer 's income something when its marginal: benefit is still positive capital a. Firms compete and each firm produces a differentiated product is a key part of running a..... Period of time, but the prices of both consumer goods and capital goods constant... To produce goods and services a car-rental company labor is human effort that can be applied to production is a.... 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