In Economics, Man-Made Resources Such as Tools, Equipment, and Structures

question 137

Multiple Choice

In economics, man-made resources such as tools, equipment, and structures that are used to produce other goods and services are referred to as

• A) consumer goods.
• B) capital.
• C) marginal goods.
• D) infrastructures.

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Definitions:

Dependent Variable

The variable in a study or experiment that is affected by changes in another variable and is measured or observed.

Significant Contribution

A meaningful impact or improvement made by an action, study, or individual that notably advances a field or solves a problem.

Sum of Squares

A statistical technique used to quantify the variation within a data set by summing the squared deviations of each data point from the mean.

Prediction Equation

An equation used to predict the value of a dependent variable based on the values of one or more independent variables.