Investment in both physical and human capital enhances economic growth because it:
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.
b
Economics
You might also like to view...
Managers can increase firm profits by:
A) increasing revenue only. B) decreasing costs only. C) increasing revenue and decreasing costs. D) none of the above.
Economics
Which of the following financial assets has both the highest risk and highest return for the period of 1926-2011?
A) small company stocks B) large company stocks C) corporate bonds D) Treasury bills
Economics