Social capital includes: a) labour, produced capital, and natural capital. b) human capital, physical capital, and natural resources. c) labour, physical capital, and human capital. d) labour, physical capital, and produced capital.
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The answer is not C
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- Physical capital is the factories and machinery used to produce other goods and services. ● e ● ● the talents, training, and education of workers. the financial resources available for investment. the physical labor of workers.The productivity of labor is defined as the number of hours a worker spends at work. number of hours it takes a worker to produce a unit of output. total output produced by the labor force. output produced by a worker per hour.Which of the following best defines "capital" as a factor of production? Financial assets used by businesses. The money that the owners of a business reinvest from their profits. Instruments, machines, and buildings used in production. The knowledge and skills that people use in production of goods and services.
- Explain the opportunity cost of investing in capital. Is there any difference in the opportunity cost of investing in human capital versus physical capital?In order to prosper, entrepreneurs must O undertake projects that create wealth and increase the value of resources. find ways to prevent technological change. have their own wealth with which to finance projects that they want to undertake. undertake projects that use resources that are more valuable than is the output they produce.19) Which of the following is an investment in human capital? A) The city government green lights the construction of a new concert arena. B) Rayburn Tool and Die Company purchases a new die-cutting machine. C) Displaced workers return to school to update their skills. D) Thompson Temp Agency replaces its desktop computers with laptop computers. 20) Which of the following is an investment in human capital? A) An individual decides to enroll in a vocational training program. B) A firm engages in on-the-job training. C) The government expands its programs to improve health care. D) all of the above 21) Embodied technical change results in A) an increase in physical capital. B) disembodied technical change. C) an improvement in the quality of capital. D) a decrease in labor productivity. 22) Disembodied technical change is one reason why A) human capital is more valued in an economy than physical capital. B) the quality of capital had decreased.…
- Why do Urban populations are capital accumulating whereas rural populations are capital consuming?QUESTION 16 Infrastructure, such as public works and public services, is also referred to as O social capital. human capital. intangible capital. O tangible capital.Which of the following actions is an example of an improvement in human capital? A. Marcus hires three workers for his thriving electrical business. B. Michelle applies for a job as a mechanical engineer at Honeywell. C. Hawk Builders of Phoenix builds two new hospitals. D. Frank's Furniture trains all of its employees to use computers.
- Define the term, "human capital."1. Diminishing returns to physical capital means that when the state of technology and human capital per worker are fixed, an increase in the amount of physical capital per worker leads to: a smaller increase in the marginal product of labor. a decrease in the total amount of output. negative marginal product. a constant amount of total output. 2. An increase in capital stock would: shift the production function upward. shift the production function inward. shift the production function downward. cause a movement to the right along a stationary production function. cause a movement to the left along a stationary production function.Match each example to the appropriate term. Trees used to make paper [ Choose ] [Choose ] Physical capital A printing press used to make books Natural resources Human capital Technological knowledge A method of organizing workers increase production per hour [Choose ] The skills workers learn during a training [Choose ] session (SUS
