When Economists Refer to Capital, They Might Mean

question 98

Multiple Choice

When economists refer to capital, they might mean

• A)money
• B)human skills used in production
• C)stocks
• D)bonds
• E)bank loans

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Definitions:

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and families with dependent children.

Wealth Transfer

The movement of assets or capital from one individual, group, or entity to another, either voluntarily through gifts and inheritance or involuntarily through taxes or levies.

Younger Generations

Refers to the more recent cohorts of society, typically contrasted with older ones, focusing on their characteristics, cultures, and challenges.

Older Generations

The more senior population segments, often considered as having traditional values and significant life experience.