Asked by Daija Talley on Jun 12, 2024
Verified
The marginal efficiency of capital is a term that was coined by
A) Karl Marx.
B) John Maynard Keynes.
C) Ambrose Bierce.
D) Milton Friedman.
E) John Stuart Mill.
Marginal Efficiency
The rate of return on an investment that is additional or marginal to the current level of investment.
Capital
Assets or resources, such as machinery, buildings, or money, that can be used to produce goods and services and generate wealth.
Coined
Refers to the creation of a new word or phrase or the process of making coins as a form of currency.
- Understand fundamental principles and theories in economics concerning investment and savings.
Verified Answer
TW
Thomas WallaceJun 13, 2024
Final Answer :
B
Explanation :
The term marginal efficiency of capital was first introduced by John Maynard Keynes in his book "The General Theory of Employment, Interest and Money."
Learning Objectives
- Understand fundamental principles and theories in economics concerning investment and savings.