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As one of the factors of production/productive resources, capital can be defined as:
 
A) The goods and services a business produces.
B) The people that purchase goods and services.
C) The supply of labor needed to produce goods.
D) The equipment and factories needed to produce goods.

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Joshua Stredder
Joshua StredderLv10
15 Oct 2020

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Related questions

A production-possibilities curve indicates the:

A) Combinations of goods and services an economy is actually producing.

B) Maximum combinations of goods and services an economy can produce given its available resources and technology

C) Maximum combinations of goods and services an economy can produce given unlimited resources

D) Average combinations of goods and services an economy can produce given its available resources and technology. 

The factors of production are best defined as the

a. output produced from raw materials.

b. inputs used to produce goods and services.

c. wages paid to the workforce.

d. goods and services sold in the market.

 

 

Productivity may best be defined as

a. the quantity of goods and services produced in the economy.

b. the stock of equipment and structures used to produce goods and services.
 
c. the extra amount of goods and services produced by the last worker hired.
 
d. the quantity of goods and services produced from each unit of labor.

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