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- Which of the following is an example of capital as a factor of production? Group of answer choices Stocks Bonds money Equipment used by businessesWrite the production function (human capital (H) being included in TFP) and explain the content of the each factor of production.Many economist and business leaders feel this is the most important factor in the Factors of Production? a. Land b. Capital c. Labor d. Entrepeneurship
- According to economists, which one of the following is considered to be capital? A. a pair of stockings B. a bulldozer C. a share of IBM stock D. a savings accountWhich 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.…True or False A production function in "economics" summarizes the technological relationship between inputs and outputs.
- In the circular-flow diagram, which of the following represents a factor market transaction? A) purchase of a new t.v. B) Expenditure on a new pair of pants. C) Payment for a haircut. D) Payment for raw materieals in the production of bikes.28. Which of the following input resource(s) can be used to measure the productivity of a firm? a.Material input b.Capital and Land Input c.Labour input d.All of the aboveWhy does adding capital to a production function make the economy more productive? What are diminishing returns to capital? How does technology affect productivity and growth?
- Which of the following do economists consider to be capital? Multiple Choice a pair of stockings a construction crane a savings account a share of IBM stockDescribe the five factors of production.If a fisherman catches fish from river then which factor of production is he using for his production? Explain this factor in detail
