Answered: According to economists, which one of…

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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

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