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Which of the following correctly explains why money is not considered capital in economics?
A) Money can only be used to produce physical capital, not human capital.
B) Money can only be used to produce privately owned capital, not publicly owned capital.
C) The term capital refers to a factor of production.
D) Money is used to purchase land, labor, or capital.

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Divya Singh
Divya SinghLv10
10 Sep 2020
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Related questions

Q1. The notion of factor intensity refers to...

A the system of law and regulations adopted by a country

B the quantities of productive resources possessed by a country

C the technology possessed by a country

D the amount of labor per unit of capital used in production of a product

Q2. a Country is relatively abundant in Capital if...

A if it value of capital is higher than in the rest of the world

B The ratio of capital to labor (K/L) is relatively higher than in another country

C The ratio of labor to capital (L/K) is relatively higher than in another country

D The amount of capital required to produce one good is high

What is the difference between financial investment and economic investment?

A. There is no difference between the two.

B. Financial investment refers to the purchase of financial assets only; economic investment refers to the purchase of any new or used capital goods.

C. Economic investment is adjusted for inflation; financial investment is not.

D. Financial investment refers to the purchase of assets for financial gain; economic investment refers to the purchase of newly created capital goods.

Efficiency units of labor
 
The term is the​ _____.
 
A. Slope of the production function at the steady-state equilibrium point.

B. Product of the number of workers and the level of human capital.

C. Number of workers that can be used in a production process before diminishing marginal product of labor sets in.

D. Number of workers that can efficiently work in a production​ process, given current levels of technology and physical capital.

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