Questions
Questions

Academic Courses Test#1

Single choice

One of the two criteria for a resource to be considered capital is that it must

Options
A.a. be a skill or talent possessed by a person.
B.b. apply AI technology to solve problems.
C.c. be part of a factory or building.
D.d. occur naturally.
E.e. be possible to use it to produce other goods and services.
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Step-by-Step Analysis
Starting with a broad look at what capital means in economics, we know that capital must be a resource that can be used to produce goods or services in the future. Option a: 'be a skill or talent possessed by a person.' While human capital is a concept, the question asks about a resource being capital in a general sense, and a skill or talent by itself is not a tangible resource used to produce goods and ......Login to view full explanation

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