Asked by Timothy Robinson on Jun 26, 2024
Verified
Which of the following would not be considered an act of investing in capital?
A) a father paying for his daughter's college education
B) a firm buying a new energy-saving machine
C) the state government building a new road
D) the Postal Service delivering the mail
Capital
Resources or assets used in the production of goods and services.
College Education
Refers to the post-secondary education that students receive at universities, colleges, and other institutions, offering degrees and certifications beyond high school education.
Energy-Saving Machine
A type of machinery or device designed to use less energy for the same level of output, contributing to efficiency and reduced environmental impact.
- Explain the concept of investment using economic vocabulary and differentiate it from standard financial acts.
Verified Answer
Learning Objectives
- Explain the concept of investment using economic vocabulary and differentiate it from standard financial acts.
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