Capital,the Factor of Production,includes Physical Capital (Such as Buildings and Machines),human

question 21

True/False

Capital,the factor of production,includes physical capital (such as buildings and machines),human capital (improvement in labor by education and knowledge),and financial capital (such as stock market investments).

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Definitions:

Seatbelt

A safety device designed to secure the occupant of a vehicle against harmful movement that may result during a collision or a sudden stop.

Gasoline

A petroleum-derived liquid mixture, primarily used as fuel in internal combustion engines.

Dynamic Inefficiencies

Inefficiencies in an economy or market that arise over time, often due to poor investment decisions or policies that hinder adaptation to new technologies or market conditions.

Pollution

The contamination of the environment by substances that are harmful to living organisms and natural resources.