Any Factor of Production Is Capital If It

question 106

Multiple Choice

Any factor of production is capital if it:

• A) was produced and can be used to produce other goods and services.
• B) generates utility.
• C) uses human effort to produce goods and services.
• D) is included in financial capital.

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Definitions:

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes the emotional experience, implying that different emotions are associated with specific bodily responses.

Physiological Arousal

The activation of the body's autonomic nervous system, resulting in physical responses such as increased heart rate, sweating, or rapid breathing.

Affective Reactions

Refers to emotional responses individuals have to external stimuli, including feelings of happiness, anger, sadness, or fear.

Emotional Reactions

The spontaneous and instinctive responses we have towards certain stimuli, influenced by our emotions.