Examlex
Which of the following would an economist classify as capital?
Fuel Economy
Fuel economy refers to the efficiency of a vehicle in using fuel, typically expressed in miles per gallon (mpg) or liters per 100 kilometers (L/100km), indicating how far a vehicle can travel on a specific amount of fuel.
Diesel Engine
An internal combustion engine in which heat produced by the compression of air in the cylinder is used to ignite the fuel.
Alpha
A coefficient representing the level of significance in hypothesis testing, often set at 0.05 or 5%, indicating the probability of rejecting a true null hypothesis.
Publishing Contract
A legal agreement between an author and a publisher, specifying the rights, obligations, and financial arrangements for the publication of a work.
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