Lack of access to sanitation and inadequate medical care have a negative impact on the development of human capital.
Answer the following statement true (T) or false (F)
True
Education, health care, and infrastructure such as access to safe water and sanitation are the most basic foundations for the development of human capital and therefore economic growth.
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The key to optimally managing renewable and nonrenewable resources is to design incentive structures that:
A. Reduce the costs of production to the lowest possible level B. Increase the benefits from production to the highest possible level C. Weigh the net benefits of current use with the net benefits of future use D. Add the net benefits of current use to the net benefits of future use
The Keynesian view of the world is that the
A. self-correcting mechanism is unreliable. B. benefits of fighting unemployment are high and the costs are low. C. short-run Phillips curve is relatively flat. D. All of these responses are correct.