When Economists Refer to Capital, They Might Mean

question 98

Multiple Choice

When economists refer to capital, they might mean

• A)money
• B)human skills used in production
• C)stocks
• D)bonds
• E)bank loans

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Definitions:

Irving Janis

A psychologist known for his theory of "groupthink," which describes the faulty decision-making process in cohesive groups.

Bay Of Pigs

The Bay of Pigs refers to an unsuccessful invasion of Cuba in 1961, where a CIA-sponsored paramilitary group sought to overthrow Fidel Castro.

Groupthink

A mental event happening among a group, where the need for unity or agreement leads to illogical or counterproductive choices in decision-making.

Self Image

The mental representation an individual has of themselves; includes how one perceives their appearance, abilities, and worth.