Directions: Choose the Best Answer Based on the Information You

question 5

True/False

Directions: Choose the best answer based on the information you read in Chapter 8.
​ A long series of adjectives can strengthen a sentence.

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Definitions:

Physical Capital

Tangible assets such as buildings, machinery, and equipment used in the production of goods and services.

Human Capital

The sum of abilities, expertise, and non-material assets possessed by people that can generate economic benefits for themselves, their employers, or their local area.

Physical Capital

Tangible assets used in the production of goods and services, such as buildings, machinery, and equipment.

Economic Profit

The profit a company makes after subtracting both its explicit and implicit costs from total revenues.