When Economists Refers to a Firm's Capital,they Are Likely to Be

question 16

Multiple Choice

When economists refers to a firm's capital,they are likely to be using the term to describe the

• A)markets for final goods and services.
• B)stock of equipment and buildings used in production.
• C)amount of bank financing used by the firm.
• D)amount of financing provided by the equity markets.

---

Definitions:

James Hutton

James Hutton is known as the father of modern geology for his work in the late 18th century that introduced the concept of deep time and the principle that the earth is shaped by ongoing processes.

Charles Lyell

A 19th-century geologist known for his contributions to the principles of geology and the concept that the Earth was shaped by slow-moving forces still in operation today.

Descent with Modification

A core principle of evolutionary biology indicating that species change over time, giving rise to new species, while sharing a common ancestor.

Darwin's Idea

Refers to the theory of evolution by natural selection, proposed by Charles Darwin, which describes how species evolve over time through changes in heritable traits.