When Economists Talk About the Capital Resources in the Economy

question 38

True/False

When economists talk about the capital resources in the economy, they are referring to the amount of money circulating in the economy.

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Definitions:

Fish

Aquatic animals that are primarily gilled and often harvested for food, sport, or aquariums.

Coconuts

Tropical fruits with a hard shell, edible white flesh, and clear liquid inside, often found in coastal regions.

Factor Of Production

An input used in the creation of a good or service; these include labor, capital, land, and entrepreneurship.

Factor Market

The factor market is where services of the factors of production (such as labor, land, and capital) are bought and sold.