Which of the Following Is Not an Example of Economic

question 49

Multiple Choice

Which of the following is not an example of economic capital?

• A)a delivery truck used by Federal Express
• B)an electric plant used by your local utility to generate electricity
• C)a desk in a classroom
• D)a share of stock issued by IBM
• E)All of the above are examples of economic capital.

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Definitions:

Private Good

A product or service that is consumed by an individual without providing any benefit to others, characterized by its excludability and rivalry in consumption.

Economic Efficiency

The optimal allocation of resources to maximize output or outcomes without waste.

Economic Efficiency

Economic efficiency occurs when the allocation of resources maximizes the total net benefit received by all individuals in the economy.

Constitutional Rules

The fundamental principles and established precedents according to which a state or other organization is governed.