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Good is called capital good

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Reference no: EM133359355

Questions

1. A good is called a capital good, in economics, if

it is used in the state's capital

it is of top quality

it is used to make other goods

All of the above

None of the above

2. What are the three fundmental questions that every economy must answer?

how to make money, how to spend money, how to save money

what to produce, where to produce, when to produce

what to produce, how to produce, and for whom to produce

All of the above

3. Which of the following is/are/ good example(s) of capital good? (Check all that apply)

a large commercial pizza oven used to make pizzas in restaurants

a digital air fryer used to make french fries at home

a factory mill grinder for manufacturing wheat and other grain flours

a coffee grinder for grinding small amounts of coffee beans at home

None of the above

Reference no: EM133359355

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