In terms of economics, what kind of resource is a hydroelectric dam considered? Land, labor, or capital?
In terms of Economics hydroelectric dam can be considered as capital and this is because of the fact that it is already built and one can use the hydroelectric power for the production purposes where all these type of inputs can be considered as the ones in capital.
Therefore (c) capital is the answer to this question
In terms of economics, what kind of resource is a hydroelectric dam considered? Land, labor, or...
please answer these questions related to Capital and the Resource curse (part of Economics of natural resources): 1) Why does natural capital generate rents? 2) What does it mean to say that Natural Resource economics is a kid of capital theory? 3) Summarize whether you think the concept of the "Resource Curse" is valid and how it applies. 4) Why does Natural Resource economics require "dynamic" analysis? 5) Find a book about Natural Resource economics, write the name of the...
Classify each resource used in production as land, labor, capital, or entrepeneurs. Land Labor Capital Entrepreneurs Answer Bank Aunt Sandy's Jammin' Jellies (the business) Anika, a server at Sonic Drive-In your favorite bartender We were unable to transcribe this image
MATCHING Match the key terms with the descriptions. Demand for a resource determined by the demand for the product that resource produces. The more hours one is expected to work, the higher value one places on those foregone hours. Price determined by the interaction of the demand and supply of labor. The responsiveness of workers willingness to work for higher wages. Payment for a land resource. Minimum necessary payment the landowner will accept to get their land put to use....
Economics is the study of the efficient allocation of scarce resources (land, labor, capital, entrepreneurial talent). 1. Define and explain the term “scarcity”. 2. Provide a situation where you have personally faced scarcity. 3. Provide the method in which you overcame the scarcity. Did you choose an inferior good? Did you seek a Substitute Good? Did you forego consumption?
Problem 1. The construction of a hydroelectric dam will result in the permanent closure of a recreational park. The park has brought $4 million in revenues over the last two years. What is the expected total monetary loss under 4% annual interest rate if this park is permanently closed this year? Problem 2. A 15-year municipal bond was issued 5 years ago. Its coupon interest rate is 8%, interest payments are made semi-annually, and its face value is $1,000. If...
1. A country's resources (land, labor, and capital) are used to produce the goods and services that satisfy the wants of its population. For each of the following, identify whether it should be classified as land, labor, or capital and justify your conclusion. Remember to consider the economic use of these terms (i.e. land, labor, and capital). a four year college degre a. b. the software used to make Facebook available to users c. 100 shares of Microsoft stock d....
3. A country's labor market between food (QF) and clothing (Qc) is currently in equilibrium. Labor is used to produce both goods. Land (T) is only used to produce food and Capital (K) is only used to produce clothing d. Explain what happens to the real wage in terms of clothing. Show and explain what happens to the real wage in terms of food. Are workers are better off? e. Building off part (c), show and explain what happens to...
E connect ECONOMICS Test 1 Non-Proctored Test < Question 13 (of 50) 13. 2.00 points Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the diagram. Flow 4 represents: O consumer expenditures. O wage, rent, interest, and profit income. O goods and services land, labor, capital, and entrepreneurial ability.
7. What are economic resources? What categories do economists use to classify them? Why resources are also called factors of production? Why are they called inputs? 8. Why is money not considered to be a capital resource in economics? Why is entrepreneurial ability considered a category of economic resource, distinct from labor? What are the major functions of the entrepreneur? 9. Specify and explain the typical shapes of marginal-benefit and marginal-cost curves. How are these curves used to determine the...
Describe what kind of relevant data can be obtained to help reduce uncertainties about supply and demand and in terms of economics what impact does size have on a country?