The process by which the stock of equipment and structures available to an economy is increased by investment is referred to as:
A) output expansion. B) autonomous growth.
C) capital accumulation. D) investment growth.
C
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Over what range of prices does a shortage arise? What happens to the price when there is a shortage?
What will be an ideal response?
All of the following will lead to a smaller discount factor except which one?
A) a smaller discount rate B) a larger discount rate C) the more interest that can be earned D) the longer the period of time until the future sum of money is received
If the benefits to society of students attending college exceed benefits to the students,
a. higher education should be strictly regulated b. higher education should be taxed c. higher education provides a positive externality d. higher education is overproduced at the privately determined equilibrium e. in time, no higher education will be produced
Figure 33.2 illustrates Lorenz curves for four different economies. Which economy should have a Gini coefficient of zero?
A. A. B. B. C. C. D. D.