Classifying capital.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 11, Problem 1.1P

(a)

To determine

Classifying capital.

(a)

Expert Solution

Explanation of Solution

Life guard training and certification from the Red Cross is regarded as the intangible human capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(b)

To determine

Classifying capital.

(b)

Expert Solution

Explanation of Solution

The ice cream factory is regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(c)

To determine

Classifying capital.

(c)

Expert Solution

Explanation of Solution

The roller coaster is regarded as the tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(d)

To determine

Classifying capital.

(d)

Expert Solution

Explanation of Solution

Individual retirement account cannot be regarded as the capital, as it is merely a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(e)

To determine

Classifying capital.

(e)

Expert Solution

Explanation of Solution

The Air and Space Museum is regarded as social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(f)

To determine

Classifying capital.

(f)

Expert Solution

Explanation of Solution

The shares of a stock are merely a financial instrument, as is not regarded as capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(g)

To determine

Classifying capital.

(g)

Expert Solution

Explanation of Solution

All terrain vehicles are represented as a social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(h)

To determine

Classifying capital.

(h)

Expert Solution

Explanation of Solution

Cans of paint are regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(i)

To determine

Classifying capital.

(i)

Expert Solution

Explanation of Solution

Dollar coins are not capital but a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(j)

To determine

Classifying capital.

(j)

Expert Solution

Explanation of Solution

Home for cubs is a tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Click on the link to study the Economics in the News. Then answer the following questions. 120- 118- 3. Use the AS-AD model to show the changes in aggregate demand and aggregate supply that occurred in 2016 and 2017 that brought the economy to its situation in mid-2017. The graph shows the U.S. economy in the second quarter of 2016. Draw and label the long-run aggregate supply curve in 2017. Draw and label the aggregate demand curve in 2017. Draw a point at the short-run macroeconomic equilibrium in the second quarter of 2017. 116- 114- ☑--- Price level (GDP deflator, 2009=100) LAS 16 112- 110- 108- 106- 104- 102- $16.7 100- 16.6 16.7 16.8 16.9 17.0 SAS 16 = SAS17 AD 16 17.1 17.2 17.3 Real GDP (trillions of 2009 dollars) >>> Draw only the objects specified in the question. LV ☑

Price level (GDP deflator, 2009=100) Fed Raises Rates As Job Gains, Firming Inflation Stoke Confidence The U.S. Federal Reserve raised interest rates on Wednesday. The rate rise was the second in three months. This second rise comes in an economy that is growing faster and creating jobs at a more rapid pace. These gains are accompanied by a rising inflation rate. 140- 130- Source: Reuters, March 15, 2017 Describe the process by which the Fed's action reported in the news clip flows through the economy. 120- ... 110- LAS SAS → ☑ When the Fed raises the interest rate, A. aggregate demand decreases and short-run aggregate supply increases, and the price level falls B. aggregate demand increases and real GDP increases C. aggregate demand decreases and the price level falls D. short-run aggregate supply increases and the price level falls The graph shows the long-run aggregate supply curve and the short-run aggregate supply curve. Draw the AD curve to illustrate the state of the economy…

Price level (GDP deflator, 2009=100) Millennials Are Starting to Spend More Millennials, who spend an average of $85 a day, are expected to spend at a higher rate in the next fifteen years. Only 37 percent of Americans report higher spending today than a year ago, while 42 percent of millennials say they are spending more. Millennials are spending more on rent or mortgages and leisure activities than they were spending a year ago. 140- 130- Source: Business Journal, May 25, 2016 120- Describe the macroeconomic equilibrium after the change in spending by millennials. If the economy had been at a below full-employment equilibrium, then the economy will A. move to an above full-employment equilibrium with real GDP less than potential GDP B. move to a full-employment equilibrium as short-run aggregate supply increases at the same time 'C. move to a full-employment equilibrium and equilibrium real GDP equals potential GDP D. remain stuck in a below full-employment equilibrium If the economy…

Answer 2

Question

Chapter 11, Problem 1.1P

(a)

To determine

Classifying capital.

(a)

Expert Solution

Explanation of Solution

Life guard training and certification from the Red Cross is regarded as the intangible human capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(b)

To determine

Classifying capital.

(b)

Expert Solution

Explanation of Solution

The ice cream factory is regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(c)

To determine

Classifying capital.

(c)

Expert Solution

Explanation of Solution

The roller coaster is regarded as the tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(d)

To determine

Classifying capital.

(d)

Expert Solution

Explanation of Solution

Individual retirement account cannot be regarded as the capital, as it is merely a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(e)

To determine

Classifying capital.

(e)

Expert Solution

Explanation of Solution

The Air and Space Museum is regarded as social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(f)

To determine

Classifying capital.

(f)

Expert Solution

Explanation of Solution

The shares of a stock are merely a financial instrument, as is not regarded as capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(g)

To determine

Classifying capital.

(g)

Expert Solution

Explanation of Solution

All terrain vehicles are represented as a social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(h)

To determine

Classifying capital.

(h)

Expert Solution

Explanation of Solution

Cans of paint are regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(i)

To determine

Classifying capital.

(i)

Expert Solution

Explanation of Solution

Dollar coins are not capital but a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(j)

To determine

Classifying capital.

(j)

Expert Solution

Explanation of Solution

Home for cubs is a tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 11, Problem 1.1P

(a)

To determine

Classifying capital.

(a)

Expert Solution

Explanation of Solution

Life guard training and certification from the Red Cross is regarded as the intangible human capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(b)

To determine

Classifying capital.

(b)

Expert Solution

Explanation of Solution

The ice cream factory is regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(c)

To determine

Classifying capital.

(c)

Expert Solution

Explanation of Solution

The roller coaster is regarded as the tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(d)

To determine

Classifying capital.

(d)

Expert Solution

Explanation of Solution

Individual retirement account cannot be regarded as the capital, as it is merely a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(e)

To determine

Classifying capital.

(e)

Expert Solution

Explanation of Solution

The Air and Space Museum is regarded as social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(f)

To determine

Classifying capital.

(f)

Expert Solution

Explanation of Solution

The shares of a stock are merely a financial instrument, as is not regarded as capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(g)

To determine

Classifying capital.

(g)

Expert Solution

Explanation of Solution

All terrain vehicles are represented as a social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(h)

To determine

Classifying capital.

(h)

Expert Solution

Explanation of Solution

Cans of paint are regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(i)

To determine

Classifying capital.

(i)

Expert Solution

Explanation of Solution

Dollar coins are not capital but a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(j)

To determine

Classifying capital.

(j)

Expert Solution

Explanation of Solution

Home for cubs is a tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 11, Problem 1.1P

(a)

To determine

Classifying capital.

(a)

Expert Solution

Explanation of Solution

Life guard training and certification from the Red Cross is regarded as the intangible human capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(b)

To determine

Classifying capital.

(b)

Expert Solution

Explanation of Solution

The ice cream factory is regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(c)

To determine

Classifying capital.

(c)

Expert Solution

Explanation of Solution

The roller coaster is regarded as the tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(d)

To determine

Classifying capital.

(d)

Expert Solution

Explanation of Solution

Individual retirement account cannot be regarded as the capital, as it is merely a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(e)

To determine

Classifying capital.

(e)

Expert Solution

Explanation of Solution

The Air and Space Museum is regarded as social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(f)

To determine

Classifying capital.

(f)

Expert Solution

Explanation of Solution

The shares of a stock are merely a financial instrument, as is not regarded as capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(g)

To determine

Classifying capital.

(g)

Expert Solution

Explanation of Solution

All terrain vehicles are represented as a social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(h)

To determine

Classifying capital.

(h)

Expert Solution

Explanation of Solution

Cans of paint are regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(i)

To determine

Classifying capital.

(i)

Expert Solution

Explanation of Solution

Dollar coins are not capital but a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(j)

To determine

Classifying capital.

(j)

Expert Solution

Explanation of Solution

Home for cubs is a tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 1.1P

(a)

To determine

Classifying capital.

(a)

Expert Solution

Explanation of Solution

Life guard training and certification from the Red Cross is regarded as the intangible human capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(b)

To determine

Classifying capital.

(b)

Expert Solution

Explanation of Solution

The ice cream factory is regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(c)

To determine

Classifying capital.

(c)

Expert Solution

Explanation of Solution

The roller coaster is regarded as the tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(d)

To determine

Classifying capital.

(d)

Expert Solution

Explanation of Solution

Individual retirement account cannot be regarded as the capital, as it is merely a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(e)

To determine

Classifying capital.

(e)

Expert Solution

Explanation of Solution

The Air and Space Museum is regarded as social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(f)

To determine

Classifying capital.

(f)

Expert Solution

Explanation of Solution

The shares of a stock are merely a financial instrument, as is not regarded as capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(g)

To determine

Classifying capital.

(g)

Expert Solution

Explanation of Solution

All terrain vehicles are represented as a social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(h)

To determine

Classifying capital.

(h)

Expert Solution

Explanation of Solution

Cans of paint are regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(i)

To determine

Classifying capital.

(i)

Expert Solution

Explanation of Solution

Dollar coins are not capital but a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

(j)

To determine

Classifying capital.

(j)

Expert Solution

Explanation of Solution

Home for cubs is a tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 6

Chapter 11, Problem 1.1P

(a)

To determine

Classifying capital.

(a)

Expert Solution

Explanation of Solution

Life guard training and certification from the Red Cross is regarded as the intangible human capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 7

Chapter 11, Problem 1.1P

(a)

To determine

Classifying capital.

Answer 8

(a)

Expert Solution

Explanation of Solution

Life guard training and certification from the Red Cross is regarded as the intangible human capital.

Answer 9

(a)

Expert Solution

Answer 10

(a)

Expert Solution

Answer 11

Expert Solution

Answer 12

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 13

(b)

To determine

Classifying capital.

(b)

Expert Solution

Explanation of Solution

The ice cream factory is regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 14

(b)

To determine

Classifying capital.

Answer 15

(b)

Expert Solution

Explanation of Solution

The ice cream factory is regarded as tangible capital.

Answer 16

(b)

Expert Solution

Answer 17

(b)

Expert Solution

Answer 18

Expert Solution

Answer 19

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 20

(c)

To determine

Classifying capital.

(c)

Expert Solution

Explanation of Solution

The roller coaster is regarded as the tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 21

(c)

To determine

Classifying capital.

Answer 22

(c)

Expert Solution

Explanation of Solution

The roller coaster is regarded as the tangible capital.

Answer 23

(c)

Expert Solution

Answer 24

(c)

Expert Solution

Answer 25

Expert Solution

Answer 26

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 27

(d)

To determine

Classifying capital.

(d)

Expert Solution

Explanation of Solution

Individual retirement account cannot be regarded as the capital, as it is merely a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 28

(d)

To determine

Classifying capital.

Answer 29

(d)

Expert Solution

Explanation of Solution

Individual retirement account cannot be regarded as the capital, as it is merely a financial instrument.

Answer 30

(d)

Expert Solution

Answer 31

(d)

Expert Solution

Answer 32

Expert Solution

Answer 33

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 34

(e)

To determine

Classifying capital.

(e)

Expert Solution

Explanation of Solution

The Air and Space Museum is regarded as social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 35

(e)

To determine

Classifying capital.

Answer 36

(e)

Expert Solution

Explanation of Solution

The Air and Space Museum is regarded as social capital or infrastructure.

Answer 37

(e)

Expert Solution

Answer 38

(e)

Expert Solution

Answer 39

Expert Solution

Answer 40

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 41

(f)

To determine

Classifying capital.

(f)

Expert Solution

Explanation of Solution

The shares of a stock are merely a financial instrument, as is not regarded as capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 42

(f)

To determine

Classifying capital.

Answer 43

(f)

Expert Solution

Explanation of Solution

The shares of a stock are merely a financial instrument, as is not regarded as capital.

Answer 44

(f)

Expert Solution

Answer 45

(f)

Expert Solution

Answer 46

Expert Solution

Answer 47

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 48

(g)

To determine

Classifying capital.

(g)

Expert Solution

Explanation of Solution

All terrain vehicles are represented as a social capital or infrastructure.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 49

(g)

To determine

Classifying capital.

Answer 50

(g)

Expert Solution

Explanation of Solution

All terrain vehicles are represented as a social capital or infrastructure.

Answer 51

(g)

Expert Solution

Answer 52

(g)

Expert Solution

Answer 53

Expert Solution

Answer 54

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 55

(h)

To determine

Classifying capital.

(h)

Expert Solution

Explanation of Solution

Cans of paint are regarded as tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 56

(h)

To determine

Classifying capital.

Answer 57

(h)

Expert Solution

Explanation of Solution

Cans of paint are regarded as tangible capital.

Answer 58

(h)

Expert Solution

Answer 59

(h)

Expert Solution

Answer 60

Expert Solution

Answer 61

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 62

(i)

To determine

Classifying capital.

(i)

Expert Solution

Explanation of Solution

Dollar coins are not capital but a financial instrument.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 63

(i)

To determine

Classifying capital.

Answer 64

(i)

Expert Solution

Explanation of Solution

Dollar coins are not capital but a financial instrument.

Answer 65

(i)

Expert Solution

Answer 66

(i)

Expert Solution

Answer 67

Expert Solution

Answer 68

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 69

(j)

To determine

Classifying capital.

(j)

Expert Solution

Explanation of Solution

Home for cubs is a tangible capital.

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.

Answer 70

(j)

To determine

Classifying capital.

Answer 71

(j)

Expert Solution

Explanation of Solution

Home for cubs is a tangible capital.

Answer 72

(j)

Expert Solution

Answer 73

(j)

Expert Solution

Answer 74

Expert Solution

Answer 75

Economics Concept Introduction

Capital: In economic terms, capital can be defined as goods produced by the economic system that is used as inputs for production of other goods and services in the future.