In the Phrase Creatio Ex Nihilo, What Does Nihilo Mean

question 40

Multiple Choice

In the phrase creatio ex nihilo, what does nihilo mean?

• A) everything
• B) nothing
• C) eternity
• D) preexistence
• E) atoms

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods and services.

Human Labor

This is the effort contributed by humans in the production process, including physical and intellectual contributions.

Marginal Productivity Theory

An economic theory that suggests that the amount of compensation or wage received by a resource (like labor) is determined by its marginal productivity or the additional output generated by using one more unit of the resource.

Income Distribution

Describes how a nation’s total GDP is distributed amongst its population, impacting levels of wealth and poverty.