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:

P(x = a)

The probability that the random variable X is equal to some value a.

Continuous Random Variable

A type of random variable that can take an infinite number of possible values in a continuum or interval on the number line.

P(x > a)

Represents the probability of a random variable X taking a value greater than a specific number a.

P(x = a)

Represents the probability that a discrete random variable X takes on a specific value a.