Productive Assets That Are Physically Used Up,or Depleted Are

question 89

Multiple Choice

Productive assets that are physically used up,or depleted are:

• A)Equipment.
• B)Land.
• C)Land improvements.
• D)Natural resources.

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Definitions:

Socially Optimal

A state of resource allocation that is most beneficial for society as a whole.

Equilibrium Outcome

The state in a market where supply equals demand, and there is no external pressure to change the price or quantity of goods and services.

Positive Externalities

Benefits that are enjoyed by a third-party or society at large as a result of an economic activity, without them directly paying for it.

Social Benefits

The advantages or positive effects that an action or policy has on society as a whole, including things like improved health, education, and welfare.