Choose the Statement That Is Incorrect

question 96

Multiple Choice

Choose the statement that is incorrect.

• A)Capital consists of the tools,instruments,machines,buildings,and other constructions that have been produced in the past and that businesses now use to produce goods and services.
• B)A market for capital services is a rental market.
• C)The services of the capital that a firm owns and operates have an implicit price that arises from depreciation and interest costs.
• D)Capital is a factor of production.
• E)Most capital services are traded in a market.

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Definitions:

Species Loss

The disappearance of species from a habitat or the world, significantly impacting biodiversity and ecosystem functions.

Economically Sustainable

Practices or methods that ensure resources are used in a way that meets current needs without compromising the ability of future generations to meet their needs, ensuring long-term economic stability.

Economic Growth

An increase in the production and consumption of goods and services, indicating the improving economic health of a region or nation over time.

Tragedy of the Commons

A situation in economic theory where individual users consuming shared resources act according to their own self-interest contrary to the common good of all users, leading to resource depletion.