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 account

Why isn’t money considered capital in economics? Which of the following are microeconomic issues? Which are macroeconomic issues? a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold? b. What will cause the nation’s inflation rate to fall c. How does a quota on textile imports affect the textile industry? d. Does a large federal budget deficit reduce the rate of unemployment in the economy?   Explain the importance of the ceteris paribus assumption for an economic model.   Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support the requiring of airbags? What normative reasoning is used?   Should the Government Require Air Bags? Technological advances continuously provide new high-tech options to save lives that add to the price of cars, such as cameras, radar, and airbags. Airbag advocates say airbags will save lives, and the government should require them in all cars.…

Capital goods Which points on the graph show the most efficient use of this society's resources? B (B, C, D, E) (A, D, E, F) (A, B, E, C) Consumer goods (A, B, C, D) ^

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.