Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Economists differentiate between these types of capital; physical capital, human capital and financial capital. Which of the following statement is false? a.Financial capital refers to
Economists differentiate between these types of capital; physical capital, human capital and financial capital. Which of the following statement is false?
a.Financial capital refers to the funds available in an economy for investment spending
b.Physical capital includes changes in inventories.
c.Human capital includes changes in the level of education or training workers possess
d.Financial capital refers to expenditures on manufacturing equipment
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started