Which of the Following Would an Economist Classify as Physical

question 141

Multiple Choice

Which of the following would an economist classify as physical capital?

• A)100 shares of Microsoft stock
• B)A $50 bill
• C)A credit card
• D)A lawyer's laptop
• E)A bauxite mine in Jamaica

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Definitions:

Trickle-down Theory

An economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business investment and benefit all members of society.

Economic Growth

An increase in the production of goods and services over a specific period, reflecting the health of a country's economy.

Jobs

Positions of employment where individuals are hired to perform specific duties in exchange for compensation, playing a critical role in economies and personal livelihoods.

Stockholders' Equity

The remaining value of a company's assets once all liabilities have been subtracted, commonly known as shareholders' equity.