When Economists Refer to the Stock of Capital,they Are Referring

question 55

Multiple Choice

When economists refer to the stock of capital,they are referring to

• A) seed money.
• B) start-up cost.
• C) a fixed amount of durable inputs such as tools,machinery and buildings.
• D) a flow of venture capital.
• E) the stock market.

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Definitions:

High Culture

Refers to the set of cultural products, such as art, music, and literature, that are highly valued by a society's elite or educated class.

Upper Class

A social group consisting of people who have the highest social rank and who are usually wealthy.

Concrete Experience

Is obtained by seeing, touching, tasting, smelling, or hearing.

Cultural Values

Core principles and ideals that shape the social behaviors, practices, and norms within a culture or society.