This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The term capital in economic theory refers to A) any privately owned resource. B) bonds, stocks, ... (Read 91 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
The term capital in economic theory refers to
 
  A) any privately owned resource.
  B) bonds, stocks, and similar financial assets.
  C) money available for lending or spending.
  D) produced goods used to produce future goods.
  E) savings out of income.

Question 2

What is underground production? Is it included in GDP?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Underground production is the production of goods and services that remain hidden from the government. Underground production includes the production of illegal goods and services and the production of legal goods and services but in a way that avoids taxes or regulations. Underground production is not included in GDP.


leo leo

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Gracias!

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Water's Covalent Bonds Are Polar Water's Covalent Bonds Are Polar
Worldviews Theory Worldviews Theory
Economic and Social Development Economic and Social Development
Natural Capital versus GDP per Capita Natural Capital versus GDP per Capita
economic economic
economic question economic question
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library