Which of the Following Are Human Capital and Physical Capital,respectively

question 100

Multiple Choice

Which of the following are human capital and physical capital,respectively?

• A)for an accounting firm: the accountants' knowledge of tax laws and computer software
• B)for a grocery store: grocery carts and shelving
• C)for a school: chalkboard and desks
• D)for a library: the building and the reference librarians' knowledge of the Internet

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Definitions:

Quantity Changes

Variations in the amount of goods and services produced, purchased, or sold, often in response to market demand or supply conditions.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Economy's Production

The total output of goods and services produced by a country's economy over a specific period.

Goods And Services

The output produced by economic activities which are either tangible products or intangible acts benefiting individuals or society.