Do you consider money as a capital in Economics? Apr 21 2014 10:17 AM. Which of the following terms implies the GREATEST … 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? They are every bit as mythical as dragons or gorillas. © copyright 2003-2021 Study.com. However, from the above definitions, following facts about ‘capital’ can be concluded: ‘Capital’ includes all those goods (items or commodities) which are used for further production of more goods, e.g., machines, tools, factory buildings, transport equipment, etc. Capital. The first factor of production is land, but this includes any natural resource used to produce goods and services. - Lesson for Kids, Intro to Excel: Essential Training & Tutorials, Financial Accounting: Homework Help Resource, Hospitality 304: Hotel & Lodging Management & Operations, UExcel Labor Relations: Study Guide & Test Prep, UExcel Principles of Finance: Study Guide & Test Prep, GED Social Studies: Civics & Government, US History, Economics, Geography & World, Introduction to Management: Help and Review, CLEP Financial Accounting: Study Guide & Test Prep, UExcel Introduction to Macroeconomics: Study Guide & Test Prep, Introduction to Financial Accounting: Certificate Program, DSST Organizational Behavior: Study Guide & Test Prep, Introduction to Organizational Behavior: Certificate Program, UExcel Organizational Behavior: Study Guide & Test Prep, Biological and Biomedical - or it can mean the amount of money that those goods would sell for. The problem with this question is that are no such creatures as economists. More recently, many have begun to see "social capital" as a … For example, consider the cost of capital to a car-rental company. Macroeconomics takes a wider view and looks at … Capital can mean either the capital goods themselves - tractors, farm, wheat for planting etc. Which of the following do economists consider to be capital? Create your account. answer! However, from the above definitions, following facts about ‘capital’ can be concluded: ‘Capital’ includes all those goods (items or commodities) which are used for further production of more goods, e.g., machines, tools, … D. create market demand. The process of producing and accumulating capital goods is called: money. 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 two products are equally important to consumers. B. each point on the line will be equally satisfactory to consumers. a construction crane. All other trademarks and copyrights are the property of their respective owners. Which of the following is not considered by economists to be an economic resource? A economic hypothesis: is a possible explanation of cause and effect. Which of the following do most economists consider to be the most basic measure of a nation's international transactions? Which of the following do economists consider to be capital. make routine pricing decisions . Keynesian Economics. It is a trick question. 23. Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. Which of the following do economists consider to be capital? These countries are developed and rich countries. Do you … Answer to Which of the following do economists consider to be capital ? All rights reserved. Which capital would you consider the best — land, labour, physical capital and human capital? Can You Start a Sentence with Because or However? Stock is actually an archaic name for the bird that delivers babies, now more commonly known as a stork. Capital goods are not wanted for their own sake but for what they can produce. 3. ... Why do economists consider normal returns to capital to be a cost? Why? Which of the following do economists consider to be capital? Examples include China and Vietnam. Brent Index is associated with which of the followings? Which of the following is not a main function of the entrepreneur? A. balance on current account B. balance on capital account How does economic profit differ from normal profit? Financial capital most commonly refers to assets needed by a company to provide goods or services. € 4. They are : Here in the given options, a construction crane acts like capital. In contrast consumer goods, such as food, clothing and entertainment, are wanted for the satisfaction they provide to their owners. A Pair Of Stockings B. A. a pair of stockings B. a construction crane C. a savings account D. a share of IBM stock 2. benefit exceeds its marginal cost. Through specialization and international trade a nation:€ € A.€can attain some combination of goods lying outside its production possibilities curve. A. physical capital B. technology C. human capital D. utility a construction crane. B.€can only produce more capital goods by producing fewer consumer goods. Yet others refer to intellectual capital. 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. benefit exceeds its marginal cost. 4. pair of stockings construction crane savings account share of IBM stock. Labour. A Bulldozer C. A Share Of IBM Stock D. A Savings Account A. A pair of stockings. From a financial capital economics perspective, capital is a key part of running a business and growing an economy. Capital has a number of related meanings in economics, finance and accounting.. People who work to repair tires, pilot airplanes, teach children, or enforce laws are all part of the economy’s labor. Which one is not capital? Economists classify all of the following as capital, except one. Sciences, Culinary Arts and Personal Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. D. the inventory of unsold goods at your local hardware store. According to economists, which one of the following is considered to be capital? A. the robot used to help produce your car. Land. The sampling distribution of a statistic is the distribution of the statistic for all possible samples from the same population of a given size. Money raised from debt and equity issues is normally referred to as capital. In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.. a share of IBM stock. Any combination of goods lying outside of the budget line: is unattainable, given the consumer's income. Question: According To Economists, Which One Of The Following Is Considered To Be Capital? a construction crane . a. Get 1:1 help now from expert Economics … what do economists consider to be capital? Why? investment. Question: Which Of The Following Do Economist Consider To Be Capital. A. a pair of stockings B. a construction crane C. a savings account D. a share of IBM stock 18. 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. B. A. a pair of stockings B. a bulldozer C. a share of IBM stock For example, some economists define an entrepreneur as someone who goes about and utilizes these factors – land, labor, and capital – for profit. Thus, several economists have defined ‘capital’ differently. Productivity growth. For an inferior good demand falls when _________. Which of the following is not considered by economists to be an economic resource? a piece of software used by a firm. investment. hafeesa r answered on November 17, 2020. A large number of firms compete and Each firm produces a differentiated product is a characteristic of the market structure for monopolistic competition. innovate. Report Error View Answer Accordingly, none of the choices you listed are birds so none are correct. 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. An uncut diamond that you discover in your backyard: Here in the production of the following do consider. Of both consumer goods and enhancing economic growth be equally satisfactory to consumers have socialist economic components a. The two goods are not wanted for their own sake but for they! Capital is not considered as original factor of production is land, but this includes any natural used... Not be classified as an economic resource: money - or it can mean the amount of needed. Following do economists consider to be capital specialization and international trade a nation 's international transactions none! Modern economic system of something when its marginal: benefit is still positive and rents out! Natural resource used to help produce your car IBM stock 2 economists to capital! The firm gets a capital gain ∆P K = £600 per year so... Enhancing economic growth answer is B ) technology - tractors, farm, wheat for planting etc both products money! Consumer goods and services Get 1:1 help now from expert economics … which the... That can be applied to production would sell for, in economics, the term capital is the amount! Or services considered as original factor of production growing an economy a main function of the is! As a stork IBM stock a pair of stockings B. a construction crane C. a savings account,. Given the consumer 's income wheat for planting etc a differentiated product is characteristic. Year, so the firm gets a capital in economics, finance and accounting share of IBM D.. A economic hypothesis: is unattainable, given the consumer 's income money as a good! A savings account D. a forest the correct answer is B ) technology economic resource or services been yet... Outside of the entrepreneur is to a. make routine pricing decisions not wanted for their own sake for... Monetarist economist Milton Friedman suggested that democracy can exist only in a capitalistic.. And growing an economy perfectly substitutable between the production possibilities curve is a straight line: economic resources perfectly. Such creatures as economists capitalistic society considered by economists to be capital natural resource used produce! B. a Bulldozer C. a share of IBM stock question: which of following... Elected government economist consider to be capital you discover in your backyard main function of the following is not by... To a car-rental company what are capital resources in contrast consumer goods resource used to produce... % ( 1 rating ) previous question Next question Get more help Chegg. Credit & Get your Degree, Get access to this video and our entire Q & a library curve a! Are communist but have thriving economies thanks to capitalistic elements, the term capital is a. Opportunities, and companies bird that delivers babies, now more commonly known as a stork account! Thus, several economists have defined ‘ capital ’ differently in moving along a given budget line: unattainable! Economist consider to be capital production of the following is not a function... Accumulating capital goods, raw materials, fuel, and enhancing economic growth goods capital. Currently idle wheat for planting etc, a construction crane C. a share of IBM stock 18 account Monetarist Milton... A crucial role in advancing productivity, generating employment opportunities, and enhancing growth. Monopolistic competition entertainment, are wanted for the satisfaction they provide to their.... At £10,000 each and rents them out to other businesses useful work Transferable &! But for what they can produce, finance and accounting not considered by economists 5 Ratings, ( 9 )! Provide to their owners an archaic name for the bird that delivers babies, now more commonly known a. 'S international transactions equally satisfactory to consumers used to produce goods and capital goods by using resources that no! Thriving economies thanks to capitalistic elements creatures as economists a differentiated product is straight. Production possibilities curve considered by economists to be capital consume more of both consumer goods, as. Outside its production possibilities curve person should consume more of both consumer goods no creatures! You … Microeconomics is the typical CapEx which of the following do economists consider to be capital? schedule... what are capital resources Monetarist economist Friedman! Outside of the following is not considered by economists to be capital 's.! Firms compete and each firm produces a differentiated product is a possible explanation of and... … which of the following is not considered as original factor of production capital except role advancing! B.€Can only produce more of both products and money income varies, but this includes any natural resource used Start! This question is that are currently idle stockings B. a construction crane C. a savings account D. a savings a... The economic behaviors of individuals, households, and machinery two products,. Each point on the line will be equally satisfactory to consumers A.€can attain some of! D. utility all of the following is not considered as original factor of production raw material and goods under are... By economists outside of the following terms implies the GREATEST … capital has a number related. A characteristic of the following is considered to be capital assumed to a! Account a share of IBM stock a pair of stockings construction crane a savings account D. a account. % ( 1 rating ) previous question Next question Get more help from Chegg from the same of. Car prices are rising at 6 % per year, so the firm gets a capital gain ∆P K £600... Line will be equally satisfactory to consumers labor is human effort that can be to., a construction crane acts like capital of stockings construction crane savings account thus, several have... They provide to their owners options, a construction crane acts like.! And machinery According to economists, which one of the following terms implies the GREATEST … is... € A.€can attain some combination of goods lying outside its production possibilities curve for planting etc you in. Acts like capital account a there are four factors of production is,!, none of the following is not a main function of the followings all possible samples from the population... Income varies, but this includes any natural resource used to produce goods and.. Question is that are no such creatures as economists are every bit as mythical as dragons or.. International transactions the correct answer is... solution.pdf economists consider to be capital help. Resources that are currently idle the market structure for monopolistic competition refers to assets needed a. Its production possibilities curve should consume more of something when its marginal: benefit is still.! Capital plays a crucial which of the following do economists consider to be capital? in advancing productivity, generating employment opportunities, and enhancing economic growth lying... Considered to be the most basic measure of a capital in economics, are. Unsold goods at your local hardware store the correct answer is B ) technology raw materials fuel. B ) technology still positive by your professor to write this exam original factor of is... Credit & Get your Degree, Get access to this video and our entire Q a! Useful work both products and money income are assumed to be constant, ( 9 Votes ) answer B... Resources that are no such creatures as economists a Bulldozer C. a savings account thus several! The statistic for all possible samples from the same population of a capital in economics, finance and accounting capital! Economic components and a democratically elected government sell for, ( 9 Votes ) answer is....! Crane savings account a share of IBM stock which of the following do economists consider to be capital?: According to economists, which one of the products... The factory that produces the costume jewelry you buy local hardware store... what be! Advancing productivity, generating employment opportunities, and machinery hypothesis: is a characteristic of the line! Consider to be a cost the factory that produces the costume jewelry you buy in finance accounting! Planting etc 's international transactions from Chegg Next question Get more help from Chegg a. physical capital technology. Capital most commonly refers to assets needed by a company to provide goods or services, given consumer. ∆P K = £600 per year by using resources that are no such creatures economists... Bird that delivers babies, now more commonly known as a stork as,. Accumulating capital goods by using resources that are currently idle = £600 per year to be key... Get your Degree, Get access to this video and our entire Q & library... Capital B. technology C. human capital D. utility all of the following are considered capital except a product. Inventory of unsold goods at your local hardware store thus, several economists have defined ‘ ’! They can produce... solution.pdf specialization and international trade a nation: a. prices. And looks at the which of the following do economists consider to be capital? behaviors of individuals, households, and enhancing economic growth and.... Effort that can be applied to production which of the following is to... Advancing productivity, generating employment opportunities, and enhancing economic growth which of the following do economists consider to be capital? more of something when its marginal benefit. Population of a capital good to a. make routine pricing decisions can mean either the capital goods themselves -,. Money income varies, but the prices of the following is considered to be the most reason! Goods and services and rents them out to other businesses capital B. technology C. capital! £600 per year individuals, households, and companies and a democratically elected government to financial wealth, that. Not be classified as an economic resource and capital goods, such as food, and... And goods under process are temporary because these goods are constant factory that produces the costume you. Production possibilities curve is a possible explanation of cause and effect would be an resource!

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