Physical capital is:
Physical capital is:
A) the knowledge and skills that workers acquire while using machinery and tools
B) the stock of equipment and structures that are used to produce goods and services
C) education, training and experience
D) land, rivers and mineral deposits
Correct Answer:
Verified
Q35: The growth of real GDP is:
A) a
Q36: Which of the following would not be
Q36: Countries that devote a small share of
Q37: IIn the long run, a higher savings
Q37: The word productivity refers to:
A)the quantity of
Q39: A production function shows the relationship between:
A
Q40: Natural resources:
Natural resources:
A) are inputs provided by
Q42: Technological progress does not depend on:
A)the quality
Q42: Government policies can promote economic growth in
Q43: If the production function of a country
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