The "expansion" of an economy occurs after:

The final goods businesses keep for themselves are called

A) assets. B) savings. C) investment. D) sunk costs. E) intermediate goods.

The adoption of modern technologies and business methods have the possibility to improve economic performance in a nation with low per capita income and low growth, but only if

a. its natural resources are sufficient. b. its workers become educated rapidly enough. c. it improves its institutions, making them sound enough to attract capital and entrepreneurial activity. d. its government has enough skilled planners to properly deploy new capital.