Investments in both physical and human capital enhance economic growth because they:
A) increases consumption during the current period.
B) makes it possible for individuals to produce more goods and services per hour worked.
C) encourages firms to expand output by employing more low-productivity workers.
D) encourages workers to unionize and, thereby, fight for higher wages.
Correct Answer:
Verified
Q7: Which of the following is not evidence
Q9: The economies of most less-developed countries (LDCs)
Q10: Which of the following statements about real
Q12: Which of the following is not a
Q13: Compared to IACs, LDCs are often characterized
Q14: The poorest regions in the world, as
Q15: Which of the following statements is the
Q16: According to the classification in the text,
Q68: Which of the following is most important
Q77: When per capita real GDP is increasing,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents