As an economist, Risa would define capital as __________. Group of answer choices a factor of...
As an economist, Risa would define capital
as __________.
Group of answer choices
a factor of production
assets from upper income people
government assets
stocks and bonds
Homework Answers
Answer
Option 1
A factor of product
Capital is a factor of production as it is an input needed to produce goods and services
Production requires one or some or all of the factors of productions to produce goods and services.
Factors of productions are Land, labor, capital, and entrepreneurship
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As an economist, Risa would define capital
as __________.
Group of answer choices
a factor of...
Which is a factor that drives economic growth? Group of answer choices Increased human capital. Decreased...
Which is a factor that drives economic growth? Group of answer choices Increased human capital. Decreased unemployment. Improved investment opportunities.
Match the following economist to their contributions to the field Group of answer choices Macroeconomics ...
Match the following economist to their contributions to the field Group of answer choices Macroeconomics [ Choose ] Hayek Friedman Minsky Keynes The idea that supply and Institutions matter [ Choose ] Hayek Friedman Minsky Keynes Bubbles can destabilize the economy without proper insitutions; also money matters [...
Which of the following are leakages from the circular flow of income? Group of answer choices...
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1. If the government imposes a price ceiling, then: Group of answer choices producers would be...
1. If the government imposes a price ceiling, then: Group of answer choices producers would be inclined to increase the quantity supplied. producers must charge the ceiling price. the price offered by producers must be at or below the ceiling price. the market supply curve will shift to the right. the price offered by producers must be at or above the ceiling price. 2. If foreign exchange rates are determined by the interaction of supply and demand forces for the...
18. Which of the following is an example of a supply shock? Group of answer choices...
18. Which of the following is an example of a supply shock? Group of answer choices A drop in consumer expectations prompts decreased buying of goods and services. An unexpected tax rebate from the government gives people more money to spend. An increase in taxes to the food sector industry increases production costs. Government increases spending on education, healthcare and social programs.
1. In economics, a public good: Group of answer choices Is any good produced by the...
1. In economics, a public good: Group of answer choices Is any good produced by the government. Has social costs of production lower than private costs of production. Can be denied to consumers who have not paid their taxes. None of the above. 2. Suppose that if your income is $50,000, your tax is $10,000, but if your income is $90,000, your tax is $18,000. Such a tax is: Group of answer choices Proportional. Progressive. Regressive. Similar to our current...
The main criticism of the institutional perspective is that Group of answer choices it assumes that...
The main criticism of the institutional perspective is that Group of answer choices it assumes that people will make and keep collective agreements without official enforcement. None of the above. it assumes that the collective owners of the commons are relatively equal in power. it assumes that people do not always act in their immediate self-interest. According to "The End of the Line," human fishing practices are the main cause of the depleted stocks of fish in the oceans of...
Capital, as a factor of production, refers to O A. the physical goods used to produce...
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Typically a more Free market economist such as Milton Friedman would define an Externality as a...
Typically a more Free market economist such as Milton Friedman would define an Externality as a consequence of ["a lack of well defined property rights", "well defined property rights", "too much government inaction", "too little government action"] and as such would prescribe a policy of ["fines", "compensation", "checks"] to those 3rd party individuals (The Coase Theorem) Whereas typically a more mainstream economist such as Krugman would define an Externality as a consequence of ["too little...
Which of these is not a factor in the nursing shortage? Group of answer choices Shortage...
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Capital, as a factor of production, refers to O A. the physical goods used to produce other goods and services. O B. the production technology used by firms. O C. stocks, and bonds but not money. OD. the production factors imported from abroad. O E. money, stocks, and bonds.
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