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TEST YOUR UNDERSTANDING 3. Below is a list of economic goods. Decide whether each is a consumer good (C), a capital good (K) or possibly

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TEST YOUR UNDERSTANDING 3. Below is a list of economic goods. Decide whether each is a consumer good (C), a capital good (K) or possibly both (8) depending on the context in which it is used. a) a jackhammer b) a carton of cigarettes c) an office building dj a toothbrush e) a hammer f) a farm tractor 4, Below is a list of resources. Indicate whether the resource in question is labour (L), capital (K), land (N), or enterprise (E): a bar-code scanner in a supermarket b) fresh drinking water c) copper deposits in a mine dj the work of a systems analyst el the first application of e-technology to an economics textbook an office building IT'S NEWS TO ME ... The I S federal government has been subsidizing public school breakfast programmes in various designated poverty-arda school

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