A country can attempt to increase its capital stock by
a. shifting resources away from capital goods toward consumer goods
b. shifting resources away from human capital goods toward physical capital goods
c. shifting resources away from consumer goods toward capital goods
d. shifting resources away from physical capital goods toward human capital goods
e. shifting resources away from consuming tomorrow toward consuming today
C
You might also like to view...
According to this Application, if a bank does NOT pass the test, the Fed can
A) make the bank raise additional capital from the financial markets. B) prevent the bank from paying out dividends to its shareholders. C) force the bank to close. D) Both A and B are correct.
Suppose there is a rise in the price level, but no change in the money wage rate. As a result, the quantity of labor demanded
A) increases. B) decreases. C) does not change because there is no change in the real wage rate. D) decreases only if the money wage rate also decreases.
If firms increase their investment spending by $10 million, then the economy's equilibrium output rises by exactly $10 million
a. True b. False Indicate whether the statement is true or false
If the government uses a head tax to finance a public good, then the:
A. proportion of income paid in taxes increases as income rises. B. proportion of income paid in taxes declines as income rises. C. proportion of income paid in taxes is constant. D. dollar amount paid by each taxpayer declines as income rises.