Which of the Following Is Not a Characteristic of a Capital

question 8

Multiple Choice

Which of the following is not a characteristic of a capital expenditure, for the purposes of government budgeting?

• A) recurring nature
• B) large price tag
• C) long life
• D) none of the above

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Definitions:

Derived Demand

The demand for a factor of production or intermediate good that occurs as a result of the demand for another product or service.

Factor of Production

Inputs used in the production of goods or services in the process of wealth creation, including labor, capital, land, and entrepreneurship.

Human Capital Development

Refers to the process of improving an individual's skills, knowledge, and abilities, typically through education and training, to enhance their productivity and potential in the workforce.

Adult Education

Educational programs specifically designed for adults beyond traditional schooling age, focusing on skills enhancement, personal enrichment, or vocational training.