Most physical capital, except for infrastructure, is provided by:
I. governments through public education
II. investment spending by private sector firms
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
Q7: In a simple closed economy, all investment
Q11: Most human capital is provided by:
I. governments
Q13: Use the following to answer questions:
Scenario: Closed
Q14: Which of the following is (are) source(s)
Q16: Private savings equals:
A) income after taxes minus
Q17: Which of the following do economists view
Q19: The budget balance equals:
A) taxes plus government
Q19: Use the following to answer questions:
Scenario: Closed
Q20: Physical capital is purchased through investment spending,
Q30: National savings is the sum of private
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