An economy's infrastructure refers to its:
A. public capital goods, such as roads, schools, and power facilities.
B. financial and banking institutions.
C. land and natural resources.
D. surplus supplies of unskilled labor.
A. public capital goods, such as roads, schools, and power facilities.
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Under a fixed exchange rate system, if the inflation rate of the United States is less than the inflation rate of other nations, the
A) United States will develop a trade surplus. B) dollar will appreciate. C) United States will develop a trade deficit. D) dollar will depreciate.
Suppose that the production function for the economy is: Y = AK1/4L3/4. Assume that A = 1,000, the current capital stock is $32,000 billion, and the labor force is 120 million (or 0.120 billion) workers
All else equal, if the capital stock increased by $8,000, the value of the marginal product of labor will be A) $18,021.09. B) $20,223.24. C) $21,625.30. D) $60,070.29.
What are the major reasons a multinational corporation would engage in Foreign Direct Investment (FDI)?
What will be an ideal response?
John has just tried on the most comfortable pair of pants that he has ever known. The pants are a(n)
A) experience good. B) credence good. C) logo good. D) information good.