Which of the Following Is NOT a Capital Good

question 191

Multiple Choice

Which of the following is NOT a capital good?

• A)Batteries purchased by a car manufacturer to install in new cars
• B)Machines purchased by a car manufacturer to measure metal thicknesses
• C)A new house purchased by a family
• D)A new apartment building purchased by a corporation

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Definitions:

Ceteris Paribus

Ceteris paribus is a Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change in the study of a phenomenon.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or instances, often used in scientific and philosophical contexts.

Single Factor

In economics, a variable or input that is considered in isolation to evaluate its impact on an outcome or process.

Normative Economics

A branch of economics that focuses on what ought to be or what should happen, often involving judgments and prescriptions for economic policy.