Sec 18.4 MC The Other Factors of Production Land and Capital

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1、1. Ineconomics,thetermcapitalrefersto a. money. b. stocksandbonds. c. equipmentandstructuresusedinproduction. d. Alloftheabovearecorrect.ANSWER:  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsforthefactorsofproduction.TOPICS:  CapitalFactorsofproductionKEYWO

2、RDS:  BLOOM'S:KnowledgeCUSTOM ID:  001.18.4-MC-MANK082. Capitalispaidaccordingtothevalueofitsmarginalproduct a. onlyifearningsfromcapitalarepaidtohouseholdsintheformofdividends. b. onlyifearningsfromcapitalarekeptwithinfirmsasretainedearnings. c. regardlessofwhetherearningsfromcapit

3、alarepaidtohouseholdsintheformofdividendsorwhetherthoseearningsarekeptwithinfirmsasretainedearnings. d. Noneoftheaboveiscorrect;unlikelabor,capitalisafactorofproductionforwhichearningsareunrelatedtothevalueofmarginalproduct.ANSWER:  cDIFFICULTY:  ChallengingLEARNING OBJECTIVES:  ECO

4、N.MANK.008-Analyzethemarketsforthefactorsofproduction.TOPICS:  CapitalFactorsofproductionKEYWORDS:  BLOOM'S:AnalysisCUSTOM ID:  002.18.4-MC-MANK083. Whichofthefollowingbestdescribestheeconomy'sstockofequipmentandstructures? a. capital b. aggregatedemand c. long-terminventory d. aggr

5、egatestockANSWER:  aDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsforthefactorsofproduction.TOPICS:  CapitalFactorsofproductionKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  003.18.4-MC-MANK084. Whichofthefollowingwouldbeanexampleofcapitalforacomputersoftwarefirm?(i

6、)thefirm'scomputerprogrammers(ii)thewagesthefirmpaystoitscomputerprogrammers(iii)computerequipment a. (i)only b. (ii)onlyCopyrightCengageLearning.PoweredbyCognero.Page 22 c. (iii)only d. (i)and(iii)onlyANSWER:  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsf

7、orthefactorsofproduction.TOPICS:  CapitalFactorsofproductionKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  004.18.4-MC-MANK085. Whichofthefollowingwouldbeanexampleofcapitalforaretailgasolinestation?(i)thegastanksandpumps(ii)theserviceattendants'time(iii)theplotoflandonwhichthestationsits a

8、. (i)only b. (iii)o