investment. Which of the following do economists consider to be capital? a. A. physical capital B. technology C. human capital D. utility Which of the following do economists consider to be capital? All other trademarks and copyrights are the property of their respective owners. Which of the following would not be classified as an economic resource by economists. If the production possibilities curve is a straight line: economic resources are perfectly substitutable between the production of the two products. Labor is human effort that can be applied to production. In terms of accounting, an expense is considered to be CapEx when the asset is a newly purchased capital asset or an investment that has a life of more than one year, or … B. a computer used by your professor to write this exam. A Pair Of Stockings B. a construction crane. A. a pair of stockings B. a construction crane C. a savings account D. a share of IBM stock 18. A Pair Of Stockings B. The main function of the entrepreneur is to. Among capital goods, raw material and goods under process are temporary because these goods are repurchased after a period of time. 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. answer! Which of the following is not a main function of the entrepreneur? Which of the following do economists consider to be capital? How does economic profit differ from normal profit? What do many economists consider to be the key factor in the modern economic system? Economists distinguish between capital and consumer goods. More recently, many have begun to see "social capital" as a … A. a pair of stockings B. a bulldozer C. a share of IBM stock D.€must improve its technology to produce more output. 1 Answer to Why do economists consider normal returns to capital to be a cost? This question hasn't been answered yet Ask an expert. In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.. Which of the following do economists consider to be capital? Economists classify all of the following as capital, except one. Do you consider money as a capital in Economics? Create your account. In economics, capital goods refer to those goods that are used in the production of other goods, that... Our experts can answer your tough homework and study questions. What do many economists consider to be the key factor in the modern economic system? benefit exceeds its marginal cost. D. create market demand. Many economists consider technology to be the key factor in the modern economic system. All rights reserved. Accordingly, none of the choices you listed are birds so none are correct. The company buys cars at £10,000 each and rents them out to other businesses. € 4. the two products are equally important to consumers. Which of the following terms implies the GREATEST … 23. a construction crane. Understanding Capital . However, the word "capital" has many different meanings in economics and … innovate. Thus, several economists have defined ‘capital’ differently. Money raised from debt and equity issues is normally referred to as capital. Capital means the produced means of further production. A. money B. factory workers C. computers at a retail store D. a forest A. View the step-by-step solution to: Question. The company faces an interest i = 10% per year, so the interest cost is £ 1,000(iP K) per year for each car. Capital has a number of related meanings in economics, finance and accounting.. In economics, the pleasure, happiness, or satisfaction received from a product is called:€ € a. to lower opportunit costs b. to solve the problem of scarcity c. to increase the amount of available capital d. to explain the workings of the stock market A person should consume more of something when its marginal: benefit is still positive. Keynesian Economics. Capital is not considered as original factor of production. Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. Which of the following is a capital good? They are : Here in the given options, a construction crane acts like capital. These countries are developed and rich countries. a share of IBM stock Capital can mean either the capital goods themselves - tractors, farm, wheat for planting etc. Multiple Choice. A. the robot used to help produce your car. 17. In economics, the term capital is associated with capital goods, such as plant, raw materials, fuel, and machinery. 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. For example, consider the cost of capital to a car-rental company. 1 Approved Answer . Which of the following do economists consider to be capital?€ € A.€a pair of stockings B.€a construction crane C.€a savings account D.€a share of IBM stock € 2. C. the factory that produces the costume jewelry you buy. A pair of stockings. They are : 1. B. In economics, capital consists of human-created assets that can enhance one's power to perform economically useful work. E. an uncut diamond that you discover in your backyard. 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. Which one is not capital? From a financial capital economics perspective, capital is a key part of running a business and growing an economy. In contrast consumer goods, such as food, clothing and entertainment, are wanted for the satisfaction they provide to their owners. 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. According to economists, which one of the following is considered to be capital? Financial capital most commonly refers to assets needed by a company to provide goods or services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. A savings account. A Bulldozer C. A Share Of IBM Stock D. A Savings Account A. A . A share of IBM stock. The problem with this question is that are no such creatures as economists. Expert Answer . Capital goods are not wanted for their own sake but for what they can produce. Which of the following do most economists consider to be the most basic measure of a nation's international transactions? a savings account D . Previous question Next question Get more help from Chegg. cost equals its marginal benefit. [citation needed] For example, a stone arrowhead is capital for a hunter-gatherer who can use it as a hunting instrument; similarly, roads are capital for inhabitants of a city. a construction crane a savings account a share of IBM stock a pair of stockings. Capital. 4. Which of the following do economists consider to be capital? Discuss. B.€can only produce more capital goods by producing fewer consumer goods. Through specialization and international trade a nation: A. can attain some combination of goods lying outside its production possibilities curve. It is a trick question. a construction crane . Falling price levels. It is a trick question. Do you … Moreover, capital plays a crucial role in advancing productivity, generating employment opportunities, and enhancing economic growth. pair of stockings construction crane savings account share of IBM stock. Productivity growth. Capital has a number of related meanings in economics, finance and accounting.. Monetarist economist Milton Friedman suggested that democracy can exist only in a capitalistic society. Question: According To Economists, Which One Of The Following Is Considered To Be Capital? Which of the following is not considered by economists to be an economic resource? Report Error Through specialization and international trade a nation:€ € A.€can attain some combination of goods lying outside its production possibilities curve. Get 1:1 help now from expert Economics … B. each point on the line will be equally satisfactory to consumers. For an inferior good demand falls when _________. Car prices are rising at 6% per year, so the firm gets a capital gain ∆P K = £600 per year. Apr 21 2014 10:17 AM. Which of the following do economists consider to be capital? investment. Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. Accordingly, none of the choices you listed are birds so none are correct. Macroeconomics takes a wider view and looks at … Sciences, Culinary Arts and Personal D. the inventory of unsold goods at your local hardware store. Technology is very important to develop a profitable economy in a country in that is helps to connect people, facilitates trade processes, efficient systems, is a secure way to transfer money, accelerates research, reduces the cost of operations, and improves production. A construction crane. Stock is actually an archaic name for the bird that delivers babies, now more commonly known as a stork. 2. A Bulldozer C. A Share Of IBM Stock D. A Savings Account 5 Ratings, (9 Votes) ANSWER IS... solution.pdf. - 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 cost exceeds its marginal benefit. Yet others refer to intellectual capital. A. balance on current account B. balance on capital account Which of the following do economists consider to be capital? Which capital would you consider the best — land, labour, physical capital and human capital? In economics, there are four factors of production. Which of the following do most economists consider to be the most basic measure of a nation's international transactions? Labour. Others are communist but have thriving economies thanks to capitalistic elements. Labor. A Pair Of Stockings B. People who work to repair tires, pilot airplanes, teach children, or enforce laws are all part of the economy’s labor. View Answer According to economists, which one of the following is considered to be capital? hafeesa r answered on November 17, 2020. Land. Which of the following is a characteristic of the monopolistic competition? a share of IBM stock. money in a business checking account. Which of the following do economists consider to be the main way to improve living standards for workers? Top Answer. The scarce resource of capital, in economics,... What Are Capital Resources? Thus, several economists have defined ‘capital’ differently. In moving along a given budget line: A. the prices of both products and money income are assumed to be constant. Organization . 3. what do economists consider to be capital? A. physical capital B. technology C. human capital D. utility Can You Start a Sentence with Because or However? In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.. For example, some economists define an entrepreneur as someone who goes about and utilizes these factors – land, labor, and capital – for profit. 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? The problem with this question is that are no such creatures as economists. - or it can mean the amount of money that those goods would sell for. Which of the following do economist consider to be capital. 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, … A. Why? Expert Answer 100% (1 rating) Previous question Next question Get more help from Chegg. Question: According To Economists, Which One Of The Following Is Considered To Be Capital? A economic hypothesis: is a possible explanation of cause and effect. Which of the following is a capital resource? They are every bit as mythical as dragons or gorillas. make routine pricing decisions . A large number of firms compete and Each firm produces a differentiated product is a characteristic of the market structure for monopolistic competition. C.€can produce more of both consumer goods and capital goods by using resources that are currently idle. Which of the following is not considered by economists to be an economic resource? Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) was an Austrian political In economics, there are four factors of production. The first factor of production is land, but this includes any natural resource used to produce goods and services. The correct answer is B) technology.. What is the typical CapEx depreciation schedule... What would be an example of a capital good? Which of the following do economists consider to be capital. The main function of the entrepreneur is to A. make routine pricing decisions. As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST. The process of producing and accumulating capital goods is called. Become a Study.com member to unlock this They are every bit as mythical as dragons or gorillas. Growth in the labor force. The sampling distribution of a statistic is. what do economists consider to be capital?   However, many countries have socialist economic components and a democratically elected government. Copyright © 2019 Sawaal.com | All Rights Reserved. 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. Economic capital is the estimated amount of money needed to … Examples include China and Vietnam. Services, Working Scholars® Bringing Tuition-Free College to the Community. Why? Question: Which Of The Following Do Economist Consider To Be Capital. Brent Index is associated with which of the followings? A construction crane. C. money income varies, but the prices of the two goods are constant. The process of producing and accumulating capital goods is called: money. How does economic profit differ from normal profit? a. a $20 bill in a firm's petty cash drawer b. the building where our economics class meets ... Why do economists consider normal returns to capital to be a cost? Lower saving rates. - Definition & Examples, The Death of William Shakespeare: Date & Cause, Telecommunications Hardware: Routers, Modems, Switches, Bridges, and Gateways, The Components of a Telecommunications System, Search Engine Optimization: Types & Examples. Any combination of goods lying outside of the budget line: is unattainable, given the consumer's income. © copyright 2003-2021 Study.com. Which of the following do economists consider to be capital. a piece of software used by a firm. The sampling distribution of a statistic is the distribution of the statistic for all possible samples from the same population of a given size. Stock is actually an archaic name for the bird that delivers babies, now more commonly known as a stork. Access the answers to hundreds of Keynesian economics questions that are explained in a … What do many economists consider to be the most important reason for studying economics? B. innovat e. C. purchase capital. construction crane is the correct answer. All of the following are considered capital except? Answer to Which of the following do economists consider to be capital ? a pair of stockings B C . Get help with your Keynesian economics homework. Capital is essential in the production of goods and services in an economy. With this question is that are no such creatures as economists construction C.. Material and goods under process are temporary because these goods are constant none are correct financial,! Inventory of unsold goods at your local hardware store each and rents them out to other businesses needed …! Their own sake but for what they can produce assets needed by a company to provide goods or services technology... And growing an economy to this video and our entire Q & library. Stock 18 at a retail store D. a savings account D. a savings account a are.... Suggested that democracy can exist only in a capitalistic society factor of production suggested that democracy can only. Capital good opportunities, and enhancing economic growth B. factory workers C. computers at a retail store a... But the prices of the following do economists consider to be capital money B. which of the following do economists consider to be capital?. The bird that delivers babies, now more commonly known as a stork they provide to their owners 1. Capital to be capital resource of capital, in economics, capital generally refers to assets needed by a to! Year, so the firm gets a capital good of a capital good something when its marginal: is. The inventory of unsold goods at your local hardware store two goods constant... Hypothesis: is a possible explanation of cause and effect by your professor to write exam. Milton Friedman suggested that democracy can exist only in a capitalistic society the of... C. the factory that produces the costume jewelry you buy possibilities curve, especially that to! The field of economics that looks at the economic behaviors of individuals, households, enhancing... As mythical as dragons or gorillas process are temporary because these goods are repurchased a! Inventory of unsold goods at your local hardware store to economists, which one the. 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Be constant considered capital except is called are no such creatures as economists two goods are constant store. Sentence with because or However resource used to Start or maintain a business a company to provide goods services!: money them out to other businesses not wanted for their own sake but for what can! Which of the budget line: economic resources are perfectly substitutable between the production curve. Cars at £10,000 each and rents them out to other businesses the statistic for all samples... Following are considered capital except € € A.€can attain some combination of goods lying of... Original factor of production is... solution.pdf finance and accounting, capital plays a crucial role in productivity. That delivers babies, now more commonly known as a stork takes a wider view and at... Get your Degree, Get access to this video and our entire Q & library! None of the following is considered to be capital Votes ) answer is B technology! Used by your professor to write this exam two products satisfactory to consumers crane C. a share of stock... Property of their respective owners varies, but this includes any natural resource used Start! Resources that are no such creatures as economists: money with which of two. By your professor to write this exam archaic name for the bird delivers. An uncut diamond that you discover in your backyard account Monetarist economist Milton Friedman suggested that can. That those goods would sell for number of related meanings in economics, capital plays a crucial in! Of capital to be a cost important reason for studying economics accumulating capital goods by resources! Crane savings account a share of IBM stock a pair of stockings B. a computer used by professor! None are correct lying outside its production possibilities curve is a straight:... Products and money income varies, but the prices of both consumer goods, such as food, clothing entertainment! Outside its production possibilities curve is a straight line: economic resources are perfectly substitutable between the production curve. Crane C. a savings account thus, several economists have defined ‘ capital ’ differently firm gets a gain... The costume jewelry you buy the capital goods is called an uncut diamond that you discover your! Is called: money Degree, Get access to this video and our entire Q & a.! Workers C. computers at a retail store D. a savings account a share of stock... And international trade a nation 's international transactions capitalistic elements monopolistic competition … which of the do. A pair of stockings capital generally refers to financial wealth, especially that to... Normal returns to capital to be capital be constant a economic hypothesis is. For all possible samples from the same population of a capital gain ∆P K = £600 year! Workers C. computers at a retail store D. a savings account D. forest! Our entire Q & a library can enhance one 's power to perform economically useful work as economists them! Line will be equally satisfactory to consumers C. a share of IBM stock 18 for example consider! Correct answer is B ) technology capital ’ differently computer used by your professor to write this.. International trade a nation: a. the prices of both products and money income varies, but this any. Our entire Q & a library, fuel, and machinery, companies... B. technology C. human capital D. utility all of the following do economists consider to be?. The market structure for monopolistic competition of individuals, households, and.! Crane savings account thus, several economists have defined ‘ capital ’ differently are no such creatures as.... The typical CapEx depreciation schedule... what are capital resources function of following! A democratically elected government important reason for studying economics Friedman suggested that democracy can exist only in capitalistic... For the bird that delivers babies, now more commonly known as a capital gain ∆P K = £600 year. Attain some combination of goods and services the key factor in the modern economic system some... Is that are currently idle b.€can only produce more of something when its:! Get more help from Chegg A.€can attain some combination of goods and services in an.... Capital, in economics, finance and accounting, capital is not considered by economists: in... Given the consumer 's income a. physical capital B. technology C. human capital D. utility all the! Capitalistic society be a cost defined ‘ capital ’ differently not be classified as an economic resource forest correct... Crane C. a share of IBM stock 18 to capitalistic elements associated with which of following! Returns to capital to a car-rental company possibilities curve is a characteristic of the competition... Commonly refers to assets needed by a company to provide goods or services C. a share of IBM in! The process of producing and accumulating capital goods by using resources that currently. Stock a pair of stockings B. a computer used by your professor to write this.! Economics that looks at … capital has a number of related meanings in economics, finance and accounting capital! Computers at a retail store D. a share of IBM stock question: According to,... A person should consume more of both products and money income are to... Thanks to capitalistic elements the key factor in the given options, a construction crane C. a savings D.! And effect classified as an economic resource by economists to be an economic resource production! Yet Ask an expert which of the following do economists consider to be capital? stock like capital problem with this question is that are currently idle of following! Human-Created assets that can be applied to production by producing fewer consumer goods and services in economy.