Which of the following are examples of capital goods? A) Buildings B) Intellectual Property C) Raw materials D) Patents Can have more than one answer
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Which of the following are examples of capital goods?
A) Buildings
B) Intellectual Property
C) Raw materials
D) Patents
Can have more than one answer
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- What is technology? Part 2 Technology is Part 3 A. the additional output a firm produces as a result of hiring one more input. B. a change in the ability of the firm to produce a given level of output with a given quantity of inputs. C. the rate of economic depreciation. D. the processes a firm uses to turn inputs into outputs of goods and services. E. the highest-valued alternative that must be given up to engage in an activity.In economics, what is any payment of production in excess to the cost needed to bring that factor into production? a.Investment b.Rental c.Minimal Wage d.TaxWhich statement best explains how human capital affects the manufacturing of a product? It affects the efficiency of the manufacturing process It promotes increased demand for manufactured goods. It provides a financial incentive for potential investors It allows households to use their savings to buy goods.
- Are goods developed by the military like roads, factories and new technology for communications an example of land, labour or capital? Explain your answerWhich of the following is not correct about the factors of production? A) Firms pay rent for natural resources. B) Owners of capital earn interest. C) Firms pay profit for human labor. D) Workers supply human power and they earn wage in return..Select all that are true regarding the factors of production. Land refers to the natural resources consummed in production Human capital is the coordination of the other factors They are purchased in the input markets Labor earns a higher wage with more skill (higher human capital) Human capital includes the relationship and the naturual process coordination between workers
- Which of the following is an example of capital as a factor of production? Group of answer choices Stocks Bonds money Equipment used by businessesThe owners of capital resources are compensated according tothe a. purchase price of the capital stock b.marginal product of capital c.value of the marginal product of capital d.absolute level of production of final gooods andservicesSince the end of World War II, manufacturing firms in the United States and in Europe have been moving farther and farther outside of central cities. At the same time, firms in finance, insurance, and other parts of the service sector have been locating near downtown areas in tall buildings. One major reason seems to be that manufacturing firms find it difficult to substitute capital for land, whereas service-sector firms that use office space do not. a. What kinds of buildings represent the substitution of capital for land? b. Why do you think that manufacturing firms might find it difficult to substitute capital for land? c. Why is it relatively easier for a law firm or an insurance company to substitute capital for land?
- Which of the following statements about capital are correct? a) In economic jargon capital is the net worth of a business enterprise. b) Capital is defined as anything that is produced that then produces other things c) An increase in capital will grow the economy because capital is a resource in the production process and an increase in resources increases the production possibilities or potential production of the economy. d) Capital represents the tools that labor uses and thus an increase in capital tends to increase the productivity of labor (and possibly other resources) and that magnifies economic growth. e) Most technological advances involve improvements to the tools of production, which is capital, so embodiment of new technology in capital is yet another way capital fosters economic growth. f) increasing capital in the economy has to lead to greater income inequality, since most capital is owned by the rich.…Identify 10 examples of direct factors (labor, capital, technology, resources) used for production and 10 examples of indirect factors (i.e factors other than labor, capital, technology, or resources).