The process of using resources to produce new capital is
A. research and development.
B. investment.
C. economic growth.
D. consumption.
Answer: B
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The total market value of capital assets in the United States is about $30 trillion dollars.
Answer the following statement true (T) or false (F)
The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, what is the price of college education?
A) $8,000 per year B) $12,000 per year C) $14,000 per year D) $16,000 per year
What is producer surplus? How is it measured?
What will be an ideal response?
In a market system, the most dangerous types of bankruptcies involve
a. industrial monopolies. b. multinational firms. c. employment agencies. d. financial institutions.