A nation’s capital stock is increased by increases in
A. consumption spending.
B. government spending.
C. investment spending.
D. net exports.
Answer: C
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Productive efficiency means producing without:
a. cost. b. wages. c. waste. d. competition.
The major objective of the European Central Bank is to control taxes as a means of deficit spending
a. true b. false
Free riders enjoy:
A. negative externalities from others' choices to pay for a good. B. positive externalities from others' choices to pay for a good. C. positive externalities from a good they choose to buy themselves. D. positive externalities transferred from consumers who receive subsidies.
CAFE standards, which set fuel efficiency standards that automakers must meet, are an example of what type of energy conservation?
A. A command-and-control approach B. A negative externality C. A normal market response D. A market-based approach