Classifying capital.

Question

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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.

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Consider the table below, which has data on insurance status and medical expenditures for different types of professors at Hypothetical University (HU), economics & criminology professors. Assume that there are an equal number of economics and criminology professors. Assume further that econ professors all have the same level of health and criminology professors all have the same level of health. There is evidence of 2021 Insured? Avg. Expenditures Insured? Avg. Expenditures 2020 Economics Professors Criminology Professors Yes. Yes $25,000 $15,000 0000 ??? ??? $28,000 $10,000 I. moral hazard because in 2021 criminology professors dropped their coverage and health expenditures went down. II. adverse selection because in response to rising premiums after 2020, the professors with lower health expenditure dropped coverage Both I and II neither I nor II

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.

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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.