Assignment:
Please answer the questions in a Word document, maximum 2 pages (include answer only) and submit it on Moodle. APA style is preferred.
1) What the difference between a price ceiling and a price floor? Please elaborate in details.
2) Compare between physical capital and human capital? Please provide details and examples.
Physical Capital:
The stock of tools that include machines, structures, and equipment.
Human Capital:
The productive knowledge and skills that workers acquire through education, training, and experience.