Which of the Following Pairs of Terms Refer to the Same

question 24

Multiple Choice

Which of the following pairs of terms refer to the same thing?

• A)"capital" and "physical capital"
• B)"technological knowledge" and "human capital"
• C)"standard of living" and "human capital"
• D)"standard of living" and "productivity"

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Definitions:

Void

Having no legal force or effect; not legally binding or enforceable.

Holder in Due Course

A legal term in commercial law for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.

Instrument

A formal document, such as a contract, will, or legal filing, that records and formalizes rights, obligations, or transactions.

Gift

A transfer of personal property by one individual to another without any consideration or payment.