Capital deepening is the only mechanism by which economies can grow

Indicate whether the statement is true or false


FALSE

Economics

You might also like to view...

Which of the following factors is likely to lead to an increase in the quantity demanded of pens?

A) A fall in the price of paper B) A fall in the incomes of all consumers C) A rise in the incomes of all consumers D) A fall in the price of pens

Economics

An example of business fixed investment spending is

A) a purchase of a home by a household. B) a purchase of a bond by General Electric Corporation. C) a purchase of a computer by an accounting firm. D) $200 million of unsold cars at a car dealership.

Economics

According to Nobel Prize winner Douglass North, the most important factor in limiting economic growth in developing countries today is ________

A) the relatively low level of saving B) the relatively high rate of inflation C) the inability to develop effective low-cost contract enforcement D) the inadequate state of the health care system

Economics

The only mineral that was available in any significant quantity in colonial America was:

a. Gold. b. Silver. c. Iron. d. Coal.

Economics