An Example of a Capital Good Is

question 34

Multiple Choice

An example of a capital good is

• A)an iPod.
• B)a fiber optic cable TV system.
• C)a hair cut.
• D)a slice of pizza.
• E)an insurance policy.

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Definitions:

Federal Government

The national government of the United States, composed of three branches (executive, legislative, and judicial) with powers and responsibilities defined by the Constitution.

Medicaid Coverage

A health care program in the United States that provides medical benefits to low-income individuals and families.

Affordable Care Act

A comprehensive health care reform law enacted in 2010 to improve access to health insurance, expand Medicaid, and support medical care delivery methods.

American Federalism

The division of power between the national government and the individual states in the United States.