The Equipment and Structures Available to Produce Goods and Services

question 97

Multiple Choice

The equipment and structures available to produce goods and services are called

• A)physical capital.
• B)human capital.
• C)the production function.
• D)technology.

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Definitions:

Explicit Interest

The interest rate stated in a contract or agreement, not including any compounding interest or hidden fees.

Capital

Financial assets or the value of financial assets used for the creation of goods or services or for investing.

Pledging

The act of providing an asset as security or collateral for a loan, ensuring the lender can claim the asset if the loan is not repaid.

Receivables

Money owed to a company by its clients or customers for goods or services provided on credit.