Which of the Following Is Not Capital

question 7

Multiple Choice

Which of the following is not capital?

• A) a computer in the office of an accountant
• B) a migrant worker in the fields of California
• C) a wrench in an auto-repair shop
• D) a new machine used for producing microchips

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Definitions:

Semi-Strong Form Efficiency

This refers to a theory suggesting that all public information is already accounted for in stock prices, and that it's impossible to achieve higher returns using this information alone.

Market Efficiency

a condition in which asset prices fully reflect all available information.

Well-Organized Markets

Refers to financial markets that are structured efficiently, facilitating the seamless exchange of securities.

Dollar Return

The total gain or loss on an investment expressed in monetary terms, considering both capital gains and dividends or interest.